The Business Times
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Myanmar starts slow depreciation of kyat

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Published Thu, Jul 16, 2015 · 09:50 PM

    Yangon

    MYANMAR'S central bank has started a slow depreciation of its kyat currency in an effort to stabilise fluctuations by bringing the official exchange rate closer in line with the market rate, a senior central bank official said on Thursday.

    The move, effective since Monday, follows suggestions by specialists including those from the International Monetary Fund (IMF).

    Myanmarcentral bank

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