Myanmar Kyat, Wikimedia Commons

Frontier Myanmar-Oct 31

Exchange rates are highly political; in Myanmar, the ups and downs of the kyat are often considered a barometer of economic performance. In a broad sense, a weak kyat should be positive for a developing country like Myanmar, supporting export growth while dampening demand for imports. But volatility is not helpful. At the time of writing the kyat had lost almost 16 percent since April 1; on September 21, that stood at 18.3 percent. These numbers are indeed cause for concern, particularly if you have debts or other obligations denominated in US dollars.

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First published in: Frontier Myanmar