Plane carrying banknote paper expected to arrive in Myanmar

Myanmar local media reports that a plane, containing materials to print Myanmar Kyat banknotes, is due to arrive in Nay Pyi Taw tonight (Wednesday). Khit Thit News Media cites sources…

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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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