Which asian country is kyat

Myanmar UK pronunciations incl. Myanmar is bordered by Bangladesh and India to its northwest, China to its northeast, Laos and Thailand to its east and southeast, and the Andaman Sea and the Bay of Bengal to its south and southwest. Myanmar is the largest country in Mainland Southeast Asia and the 10th largest in Asia by area. As of , the population was about 54 million.

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Myanmar Kyat (MMK)

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Myanmar Kyat (MMK) Definition

The value of the kyat against the U. Myanmar chronically suffers trade deficits because of its fragile industrial sector. Less foreign capital inflow through investment and economic assistance since the coup could snowball into further depreciation of the currency and continuing price hikes. A money exchange in Yangon posted a rate of 1, kyat to the dollar for buyers of the U. Under Myanmar's managed floating rate system, which keeps the kyat's rate within a set range, the reference rate set by the country's central bank was 1, kyat to the dollar on Feb. Before the coup, there was little difference between exchange rates on the street and the official reference rate.
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Myanmar's kyat: Asia's best currency to date this year

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YANGON -- Myanmar's central bank ended last month on a surprising note: It announced the upcoming issuance of a new and improved 10, kyat bill. It was only a few years ago, in the summer of , that the bank issued the current 10, kyat notes. The official line is that the new edition, to be issued July 1, is designed to prevent forgery. For a lot of foreign businesspeople stationed in Myanmar, their first thought was that the issuance signaled a plan to redenominate the currency, which has been losing value against the dollar.
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