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Tags Posts tagged with "Kyat"

Kyat

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Myanmar’s currency, the kyat, is continuing its rapid devaluation and has reached a record low against the US dollar and other major currencies in...

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The economy of Myanmar has fallen in turmoil so drastically since the military coup on February 1, 2021 that the World Bank said it...

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The military government in Myanmar in an attempt to get more control over foreign currency flows has ordered all holders of foreign currency in...

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The military government in Myanmar on September 30 said it was taking “full responsibility” for the country’s massive economic problems but at the same...

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Myanmar’s currency, the kyat, has fallen to a new all-time low against the US dollar this September amid growing concerns about the stability of...

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Myanmar's currency, the kyat, became Asia’s best performing currency in US dollar terms so far this year....
Imf Says Myanmar’s Economy Losing Steam

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Mandalay street market © Arno Maierbrugger The International Monetary Fund (IMF) expressed concern about the Myanmar economy...
Myanmar set to turn into major gold exporter

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Myanmar`s Ministry of Commerce is in the process of officially removing a regulation that prevented traders to export gold for more than five decades,...
Myanmar economy loosing steam, reforms urgently needed

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Myanmar, until recently perceived as the new tiger cub success story of Southeast Asia after the country's "soft opening" in 2011 under then-president Thein...
Myanmar struggles to control tumbling currency

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Myanmar's central bank has increasing difficulties to prevent the depreciation of the country's currency, the kyat, which has reached new record lows these days. The...
Myanmar drafts new five-year plan to boost economy

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Myanmar is drafting its second five-year plan (2016-17 to 2020-2021) aiming to boost economic growth by encouraging investment in the public and private sectors...
Thailand seeks direct trades in ringgit, kyat

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The Bank of Thailand is currently negotiating with Malaysia's central banking authorities on a direct exchange of both countries' currencies - the baht and...
Aung San Suu Kyi’s father to appear on banknotes

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The vice-president of the Central Bank of Myanmar, Daw Khin Saw Oo, told the country's  parliament on November 13 that the bank was planning...
Myanmar’s black market still actively trading

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This past week, Myanmar’s unofficial currency market began trading the US dollar for over 1,000 kyat, the first time the currency broke that mark...
Myanmar kyat in free fall

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Myanmar's currency, the kyat , has been hitting consecutive record lows over the past weeks, raising concerns about the stability of the country's fiscal...
Myanmar In7

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To prepare for large foreign direct investment inflows, Myanmar plans to implement an independent monetary policy in the first half of next year. Cash...