Gold prices rise globally, fall in Myanmar

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Although the value of gold is rising on global markets, prices are falling in Myanmar. While gold is selling for around USD 1800 per ounce in the global market, Myanmar’s gold traders are currently selling for around USD 900 (MMK 1.22 million)

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Myanmar Kyats

Kyat begins new year high

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After a long season of inflation, the Myanmar kyat ended 2019 at its highest level for the year. The currency strengthened to 1479 kyat per one US dollar after spending most of the year in the mid 1500s. A Myanmar Times analysis attributes the bump t

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Agreement backs both baht and kyat for border trade

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Thailand and Myanmar signed a memorandum of understanding (MOU) supporting the use of both nations’ currencies for border trade. The October 21 announcement came just nine days before the opening of the second Thai-Myanmar Friendship Bridge, wh

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Inflation reaches 8 percent

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Myanmar’s inflation levels reached 8.53 percent in August, up from 6.94 percent at the beginning of the year, according to Myanmar’s Central Statistical Organisation. According to official figures, the average inflation rate for the previ

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CBM permits border trades in yen and yuan denominations

CBM permits border trades in yen and yuan denominations

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The Central Bank of Myanmar (CBM) officially introduced Japanese yen and Chinese yuan as settlement options for banks in cross border payments and transfers.

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