The Reserve Bank of India (RBI), in consultation with the Government of India, has now decided to do away with the barter system of trade at the Indo-Myanmar border and switch over completely to normal trade with effect from December 1, 2015, according to a press release from the Indian Embassy in Yangon on 26 November.
The Governments of India and Myanmar signed Border Trade Agreement on 21 January 1994 and subsequently opened two border trade points/Land Customs Stations (LCS) at Moreh (Manipur) and Zokhawthar (Mizoram).