"• Following the nominal transition to civilian rule, the regime maintains the State Peace and Development Council?s (SPDC?s) oppressive economic policies. • The military continues to control the bulk of the budget, with no improvement in transparency. One quarter of the 2011-2012 budget is designated for the military. Additionally, the ?Special Fund? law grants the Commander in Chief of the military access to unlimited discretionary funds without having to be accountable. • The regime maintains a dual exchange rate system in order to siphon off funds into private accounts, starving the national budget of official revenue and inflating the fiscal deficit. • A process of privatization that began in late 2009 has facilitated the transfer of key economic assets in the hands of cronies while lining the pockets of regime officials. The privatization has resembled a ?fire sale? to cronies that include those blacklisted by various governments. Meanwhile, economic competition remains severely constricted. • Despite the suspension of the Myitsone dam project, numerous large scale infrastructure projects continue to spur tensions in ethnic areas, cause massive displacement, and threaten the environment. The projects are not subject to public oversight and provide little benefit to local communities or the economy as a whole. • As a result of increased foreign investment through large scale infrastructure projects, the fall of the US dollar, and the dual exchange rate system, the kyat has inflated in value, hurting export-oriented sectors. • The regime continues to confiscate land and ignore the property rights of Burmese citizens in favor of foreign investors and cronies..."