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: forex
Business Weekly Lead Story News
Business weekly 29 May
In business this week: A new 10,000 kyat note; Japanese assistance to upgrade postal system; Singapore leads investment in new tax year.
Business Weekly Lead Story News
Business weekly 15 May
In business this week: SIM card sales rocket; Rangoon to privatise its rubbish collection; bringing Burma’s beans up to scratch.
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Business Lead Story News Trade
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.
