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Myanmar households maimed as currency topples to record low
A fast devaluation of Myanmar's. currency is pushing up the rates of basics, consisting of food. and medication, debilitating normal households in the Southeast. Asian country wrecked by civil war and a crumbling economy. The Myanmar kyat has been extremely unpredictable in. current days, plunging to a low of 7,500 to the dollar in the. black market last week from 5,000 earlier in the month,. according to 4 forex traders. The plunge followed. reports that the Myanmar junta was printing more kyat to prop up. the currency, two traders said. Individuals are anxiously buying (Thai) baht and selling. kyat, said...