Kyat Strength Implications

August 2011
Asia Monitor: South East Asia Monitor Volume 1;Aug2011, Vol. 22 Issue 8, p7
Country Report
The article discusses the implications of Kyat currency strength in Myanmar in 2011. Local media reports note a MMK775/U. S. dollars increase in black market kyat in June 13, 2011, which marks a kyat strength of approximately MMK885/ U.S. dollars than in 2010. It discusses the factors which contribute on kyat's gain including foreign direct investment, gem sales, and tax law changes. Moreover, it notes that Myanmar's economic structure suggests downside factors which may outweigh kyat's status.


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