Myanmar to accept Thai baht for border trade, eyes using rupee

March 15 (Reuters) – Myanmar will start accepting the Thai baht currency for settling border trade transactions and is also looking at a similar plan to use the Indian rupee…

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A shopkeeper counts the Myanmar kyat currency at his shop in Pazontaung market in Yangon. (Photo by Ye Aung THU / AFP)

Myanmar’s economy has plunged even deeper into a recession pit

As the political turmoil continues to wreak havoc in Myanmar, the economy has plunged into an even deeper recession. By September 29th, the exchange rate was 3,000 Kyat to the…

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People line up outside a bank to withdraw cash, in Yangon, Myanmar May 13, 2021. REUTERS/Stringer

Myanmar currency drops 60% in weeks as economy tanks since February coup

Sept 29 (Reuters) – Myanmar‘s currency has lost more than 60% of its value since the beginning of September, driving up food and fuel prices in an economy that has tanked since a military coup eight months ago. Many gold shops and money…

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Why Thailand is not labeled a currency manipulator by the US? 

In spite of earlier fears, Thailand has not been added to the US Department of Treasury’s watchlist because Thailand does not meet two of the three criteria set by Washington….

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