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Wednesday, May 15, 2024

Myanmar attempts to stabilise currency

Double-digit inflation could worsen if kyat weakens further in black market, says central bank

A man holds new kyat banknotes with a portait of Aung San, the Burmese independence hero and father of jailed former civilian leader Aung San Suu Kyi, outside Myanmar Economic Bank in Nay Pyi Taw in January 2020. (Photo: AFP)

Myanmar aims to stabilise its currency to control price pressures, the central bank said, as the kyat…

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