Myanmar's central bank cuts the kyat conversion share on export earnings to 15% from 25%, effective Jan 1, 2026, easing pressure on exporters.
In April 2012, by abolishing the official pegging of the Myanmar kyat to the Special Drawing Right (SDR) of the IMF, Myanmar terminated the decades-old de facto multiple exchange rate system and moved ...
YANGON, July 16 (Reuters) - Myanmar's central bank has started a slow depreciation of its kyat currency in an effort to stabilize fluctuations by bringing the official exchange rate closer in line ...
YANGON, March 10 (Xinhua) - - The exchange rate of U.S. dollar has been on the decline against Myanmar kyat in the local currency market, dropping by about 80 kyats (about 6 U.S. cents) in single week ...
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