Exchange Rate
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News
Gold price, dollar exchange rate surge amid ongoing economic woes in Myanmar
The real exchange rate for the US dollar surged past 5,000 kyat for the first time this week, a difference of more than 1,800 from the official rate of 3,374 kyat set by Myanmar’s junta-run central bank
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News
Myanmar junta introduces new kyat-rupee exchange mechanism for trade with India
Facing challenges arising from insufficient American dollar reserves, the junta has authorised a new method for traders to exchange kyat directly for rupees in their transactions with their Indian counterparts
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Business
Myanmar kyat continues to weaken against the dollar, even as junta sells off currency reserves
The amount of dollars being sold to the private sector by the military-run Central Bank is not enough to meet the market demand, locals say
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