U.S. Forges Deeper Myanmar Ties:Washington Plans to Ease Some of Its Toughest Sanctions; Regime Pursues Wider Financial Overhaul Reply

Workers counting banknotes at a Yangon Bank

Workers counting banknotes at a Yangon Bank

Reposted from The Wall Street Journal
By Patrick Barta

The U.S. said Wednesday it will begin easing some of its most stringent sanctions against Myanmar, including restrictions that block U.S. investment in the country, while a senior official there said it was planning a further revamp of Myanmar’s antiquated financial system to help rebuild the country’s dysfunctional economy. More…