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
Myanmar central bank sees currency stabilizing on new measures
A Central Bank of Myanmar official says a new rule requiring exporters to sell excess foreign exchange to banks within 30 days of receipt is helping to bring the exchange rate down
Source: rappler.com
Myanmar Junta Targets Mobile Banking in Bid to Cut Off Opposition Funding
New restrictions are announced after Myanmar’s shadow government launches a lottery campaign.
Source: rfa.org