Burmese Kyat Weakens in Light of Trade Deficit, Shortfall of USD

RANGOON — A shortfall of US currency and a growing trade deficit has weakened the Burmese kyat, bankers and businesspeople said, warning that demand for the dollar has pushed the country’s limited foreign currency into the hands of black market traders. Burma’s Central Bank has set the country’s exchange rate at 1,082 kyats to the […]