US Dollars
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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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In-Depth
Money without value
The rapid deterioration of the Myanmar kyat and the corresponding rise in commodity prices leaves Yangon residents struggling to eat and pay rent
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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