Posted inMyanmar

Myanmar’s de-dollarization looks like financial suicide

CHIANG MAI – After a year of political, social and economic self-destruction, Myanmar’s coup-installed junta appears now to be committing financial suicide. On April 3, Myanmar’s central bank issued a directive requiring all Myanmar citizens to change their foreign currency holdings and transmittances from overseas into Myanmar kyats at state-licensed banks. The directive, published in […]

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