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Exchange rates: kyats per US dollar – 1,205 (2008 est.), 1,296 (2007), 1,280 (2006), 5.82 (2005), 5.7459 (2004), 6.0764 (2003) note: unofficial exchange rates ranged in 2004 from 815 kyat/US dollar to nearly 970 kyat/US dollar, and by year end 2005, the unofficial exchange rate was 1,075 kyat/US dollar; data shown for 2003–05 are official ...
The black market exchange rates (USD to MMK) decrease during the peak of the tourist season in Burma (December to January). During the 2003 Myanmar banking crisis, the kyat's black market rate appreciated when distrust in kyat-deposited banks increased demand for kyat banknotes. [4] At its peak, the kyat traded for as high as Ks. 850/- per USD. [5]
De Facto Classification of Exchange Rate Arrangements, as of April 30, 2021, and Monetary Policy Frameworks [2] Exchange rate arrangement (Number of countries) Exchange rate anchor Monetary aggregate target (25) Inflation Targeting framework (45) Others (43) US Dollar (37) Euro (28) Composite (8) Other (9) No separate legal tender (16) Ecuador ...
GDP (millions of current international dollar) by country ; Country Percent [1] [2] [3] Nominal PPP Year A [n 1] I [n 2] S [n 3] Agricultural Industrial Services Agricultural Industrial ...
According to the changes in the economic requirements of the country, the Central Bank rate has been increased from 10 percent to 12 percent since 1 April 2006. [ citation needed ] Agricultural liberalisation speeded up after the elimination of the government procurement system of the main agricultural crops such as rice, pulses, sugarcane ...
The economic liberalization of Myanmar refers to the policy of liberalization orienting Myanma laws toward an open market economy. This process was initiated following the coup d’état of the Burmese junta in 1988 in order to transform the underperforming Burmese economy .
Examples of metrication in Myanmar include weather forecasts by the Department of Meteorology and Hydrology being given with temperatures in Celsius. [8] Petrol in Myanmar is sold with prices in Burmese kyat per litre (K/L). [9] [10] Speed limits in Myanmar are given by law in kilometres per hour (km/h). [11] [12]
Myanmar's 2018 Article IV consultation indicated the country's projected improvements to stagnate. Their banking sector has undergone restructuring, uncovering many fragile aspects of the banks; [ 19 ] their four state-owned banks strengthened state sectors and large firms, allowing for private sector firms to procure a large market share of ...