Opened nearly 20 years ago, Shwe Bon Thar Road flea market was the biggest not just in Yangon, but in the entire country.
Lenders say they have been forced to turn to unlicensed brokers for scarce dollars to keep the wheels of trade turning.
As Burmese kyat falls, the Central Bank of Myanmar warns foreign currency exchange operators to sell foreign bank notes only within official rates.
As the illegal trade in jade, timber and drugs along the Sino-Burmese border appears unstoppable, black market banks have become a major channel for laundering criminal assets.
Ooredoo’s cheap SIM cards are ending up on the black market, with even official dealers selling them at higher prices.