10/29/2023 0 Comments Myanmar pronunciation us2021 Ethnic conflicts, violence and instability in the nation formerly known as Burma have left a dollar invested in a kyat at the beginning of the decade worth just 4 tenths of one US cent today. Khine Lin Kyaw,, 16 June 2022 The value of the kyat, Myanmar’s currency, has tumbled 20% against the dollar. 2022 Once approved, traders can buy the currency at at the central bank’s reference rate of 1,850 kyat per dollar. Khine Lin Kyaw,, 16 June 2022 Petrol prices have surged about 350% since the coup in February last year to 2,300-2,700 kyat (about $1) per litre. Recent Examples on the Web Myanmar has banned car imports in an effort to shore up dwindling foreign currency reserves that have been under pressure due to soaring energy and food costs and weakness in the kyat.
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