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's currency, the kyat, has been weakening steadily against the US dollar since the formerly tightly controlled exchange rate has been floated in April...
Myanmar has confirmed that heart-wrenchingly expensive 3G SIM cards will be reduced to a mere couple of thousand kyats, marking an approximate 10-fold drop...
Myanmar abolished its secondary currency, the Foreign Exchange Certificates (FEC), on March 20, 2013 as per an official announcement by the Finance Ministry.
FEC were...
The Central Bank of Myanmar has allowed three private companies to open foreign exchange counters in the country in addition to those run by private banks in a move to boost inflow of foreign currency.