Thinking global, acting local

They were born at a time when Myanmar was in the throes of irreversible change; when the dictatorship that gripped the country for decades was losing its stranglehold on the people’s unrelenting and uncompromising bid to regain their freedom. They were too young to understand the 1988 Uprising, but some of them were already old […]

Kyat Value Grows in Wake of Govt Power Transfer

RANGOON — Since Burma’s democratic handover of power on April 1, the country has seen a resurgence in the value of the kyat, observers say. Not even a week after a National League for Democracy (NLD)-led government took office, the Central Bank of Myanmar on April 7 reported an exchange rate of 1,192 kyats per […]

Uncertain Political Landscape Causes Further Instability to Kyat

RANGOON — An already-unstable exchange rate dropped again this week in the local market due to less demand, a change observers attributed to uncertainty ahead of Burma’s presidential nominations in Parliament. While the Central Bank’s rate remains at 1,230 kyats to one US dollar, the unofficial rate on the local market has dropped from 1,240 […]