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In Myanmar, cash is very much still king

But change is in the air with the creeping advance of foreign banks and the mushrooming of automated teller machines


IT WAS one of the strangest experiences of my recent holiday in Yangon, Myanmar - I found myself kneeling on the floor, helping my local friend to run stacks of Burmese kyat through a currency counter to ensure that it amounted to the right payment of 50 million kyat (S$64,000).

My friend...

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