January 08, 2003—"During Burma?s time as a Socialist state, citizens were prevented by foreign exchange proceed laws to possess any foreign currency. Minor adjustments were made to this situation after 1988 when the military junta allowed a number of businessmen to open foreign currency accounts at two state-owned banks: the Myanma Foreign Trade Bank (MFTB) and the Myanma Investment and Commercial Bank (MICB)..."