Plunging currency, dollar drought worsen Myanmar economic crisis
The kyat has tumbled about 50% since the military seized power in February.
Source: thestar.com.my
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Myanmar faces falling currency, dollar crunch as economy worsens
COVID restrictions and a civil disobedience movement have hit normal economic activities and are hurting exports.
Source: aljazeera.com
Plunging currency and dollar drought worsen Myanmar economic crisis
The plunging kyat is already taking its toll on the economy, with some businesses shutting down because they are unable to cope with rising costs of imports and raw materials.
Source: japantimes.co.jp