Tag
Myanmar kyat
Myanmar Junta Launches Crackdown on Gold, Currency Traders
By Sebastian Strangio
The massive gap between the black market and official rates for the kyat has created lucrative opportunities for arbitrage.
Myanmar Junta Threatens to Punish Those Holding Foreign Currency
By Sebastian Strangio
The policy is an attempt to arrest the slide in the kyat, which has depreciated sharply since the 2021 coup.
Myanmar’s Military Junta Tightens Control Over Foreign Currency Flows
By Sebastian Strangio
Under new central bank rules, all local holders of foreign currency will have to convert them to Myanmar kyats.
Investors Spooked by Myanmar Crisis as Economy Braces for Free Fall
By Dominic Oo and John Liu
The February coup has rapidly unwound a decade of economic progress, while foreign investors are headed for the exits.
Myanmar’s Currency Falls to All-Time Low Amid Post-Coup Turmoil
By Sebastian Strangio
Booming demand and limited supply of U.S. dollars have seen the kyat steadily lose value.
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