Kyat Reaches New Low

Description: 

Burma?s national currency has stabilized after reaching an all-time low of around 395 kyat to the US dollar in mid-August. The kyat, which has been under pressure since civil servants received a pay increase of more than 500% in April, recovered to around 385 kyat to the dollar by late August, after briefly testing the 400 kyat per dollar level.

Source/publisher: 

"The Irrawaddy", Vol. 8. No. 8, August 2000

Date of entry: 

2010-09-06

Grouping: 

  • Individual Documents

Category: 

Language: 

English

Format: 

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