Lenders say they have been forced to turn to unlicensed brokers for scarce dollars to keep the wheels of trade turning.
The Myanmar Central Bank has announced it will revoke licenses allowing private and government businesses to accept foreign currency on 19 October.
Read the latest business and banking updates straight from Burma.
As the Burmese kyat loses value, more and more customers have been withdrawing their savings.
This week in business; the wage war continues as workers rally and factories threaten closure, ‘New Rangoon’ property goes ahead and Henekin taps into Burma.
Burmese finance analysts have predicted that the US dollar will continue to strengthen against the kyat until the end of the year, state media reports.