Myanmar's key exports — jade, gems, natural gas, and rice — face 30-60 day payment delays through post-coup banking sanctions and SWIFT restrictions. LCORE's gold DVP eliminates the multi-hop SWIFT chain entirely: buyer deposits gold in Abu Dhabi escrow, commodity ships, delivery is confirmed, and gold releases to the exporter. Settlement completes in 2-3 business days with a minimum transaction size of $5M. No USD intermediary bank required.
Request ConsultationWhen MMK payments are blocked by correspondent banking compliance, LCORE's gold DVP provides a neutral Abu Dhabi alternative. Myanmar commodity traders can deposit physical gold into DVP escrow -- commodity delivers -- payment in MMK confirms -- gold releases. 2-3 working days.
ADGM English Law governs. Lloyd's $200M insurance throughout. UAE geopolitically neutral -- not subject to US, EU, or UK sanctions regime.
Confidential. Min $5M. ADGM 28158.
Myanmar is a significant commodity exporter across multiple sectors. Jade from the Hpakant mines in Kachin State — Myanmar accounts for approximately 90% of global jade production — exports primarily to Chinese buyers, with the industry generating revenues estimated at $30-50B annually (much informally). Natural gas from the Yadana and Yetagun offshore fields exports via pipeline to Thailand. Teak and tropical timber from the Karen and Tanintharyi regions historically made Myanmar a major hardwood supplier before logging restrictions tightened. Copper from the Monywa Letpadaung mine (Wanbao Mining, MOGE joint venture) exports to Chinese smelters. Rubies and gemstones from Mogok valley target luxury jewellery markets globally. Rice from the Irrawaddy Delta historically made Burma the world's largest rice exporter. Seafood, beans, and pulses target Indian, Chinese, and European buyers. Myanmar's commodity trade is heavily dominated by China, which absorbs approximately 30% of all exports.
Myanmar has been subject to comprehensive US, EU, UK, and Australian sanctions following the February 2021 military coup. OFAC sanctions target the military junta (SAC), Myanmar Economic Holdings Ltd (MEHL), Myanmar Economic Corporation (MEC), and numerous senior officials. Myanmar has been cut off from international correspondent banking — the Myanmar Foreign Trade Bank (MFTB) and Myanma Investment and Commercial Bank (MICB) lost SWIFT access in 2021. The kyat (MMK) has experienced hyperinflationary collapse since the coup, losing 60%+ of its value. USD cash has become the de facto currency for commercial transactions, with no formal correspondent banking pathway for USD settlements. China-Myanmar trade continues through Chinese bank channels, but third-country buyers face extreme compliance barriers. LCORE applies rigorous OFAC and EU sanctions screening. Eligible non-sanctioned private commodity entities in non-designated sectors may be assessed on a case-by-case basis under ADGM compliance review.