The kyat had been skyrocketing all week, reaching new highs against not only the dollar but also, on Wednesday, the Thai baht (25 kyat), Singapore dollar (714 kyat) and the Chinese yuan (1,639.34), according to hundi services in Bangkok, Singapore and at the Sino-Burmese border.
Sunday 25 January 2009
BURMA: Soaring Kyat Slows Remittances from Abroad
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