Dollar black market undermines Burma’s banks
Lenders say they have been forced to turn to unlicensed brokers for scarce dollars to keep the wheels of trade turning.
Tagged: foreign currency
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Business Weekly
This week’s business news: rice exports suspended; foreign firms bid for gas venture; first Malaysian bank opens; Japan pledges to Rangoon rail project.
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Business weekly 31 July
This week in business; Myanmar Brewery in deal dispute, Mercedes releases new car for Rangoon traffic, and a Thai telecoms firm ventures into the Burmese market.
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Forex traders warned as kyat struggles
As Burmese kyat falls, the Central Bank of Myanmar warns foreign currency exchange operators to sell foreign bank notes only within official rates.
