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Mizzima: Bangladesh national arrest
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Bangladesh national arrested with fake currency notes in Western Burma
Dhaka, March 29, 2001
Mizzima News Group (www.mizzima.com)
A Bangladesh national was arrested with several fake Burmese
currency notes last Sunday in Rakhine State, western part of Burma. On
the 25th of this month, a resident of Railapara Village near by Taknaf
town in Bangladesh was arrested by Na Sa Ka (Burmese Border Control
Unit) in Maungdaw town with fake 1000 Burmese currency notes worth of
Kyat one lakh, according to sources in Maungdaw.
Meanwhile, Burmese currency Kyat has plunged into sharp decline in
exchanging with Bangladesh Taka and the businesspersons from Bangladesh
are not willing to accept the Kyat due to the continued slump of the
Burmese currency.
Burmese Kyat tumbled down to a new all time low of Kyat 920/930 to 100
Taka last Monday at Taknaf, a Bangladesh border town with Burma.
Burmese Kyat has been suffering continued slide in the exchange with
Taka since 1988. Before 1988, the exchange rate was Kyat 100 to Taka
150. The slide in exchange rate accelerated in the past few years and it
has now reached to a point that traders do not want to accept Burmese
currency in the border trade.
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<center><b><u><font color="#3333FF"><font size=+2>Bangladesh national arrested
with fake currency notes in Western Burma</font></font></u></b></center>
<p><font color="#FF0000"><font size=+1>Dhaka, March 29, 2001</font></font>
<br><font color="#FF0000"><font size=+1>Mizzima News Group <a href="http://www.mizzima.com";>(www.mizzima.com)</a></font></font>
<p><font size=+1> A Bangladesh national was arrested
with several fake Burmese currency notes last Sunday in Rakhine State,
western part of Burma. On the 25th of this month, a resident of Railapara
Village near by Taknaf town in Bangladesh was arrested by Na Sa Ka (Burmese
Border Control Unit) in Maungdaw town with fake 1000 Burmese currency notes
worth of Kyat one lakh, according to sources in Maungdaw.</font>
<p><font size=+1>Meanwhile, Burmese currency Kyat has plunged into sharp
decline in exchanging with Bangladesh Taka and the businesspersons from
Bangladesh are not willing to accept the Kyat due to the continued slump
of the Burmese currency.</font>
<p><font size=+1>Burmese Kyat tumbled down to a new all time low of Kyat
920/930 to 100 Taka last Monday at Taknaf, a Bangladesh border town with
Burma.</font>
<p><font size=+1>Burmese Kyat has been suffering continued slide in the
exchange with Taka since 1988. Before 1988, the exchange rate was Kyat
100 to Taka 150. The slide in exchange rate accelerated in the past few
years and it has now reached to a point that traders do not want to accept
Burmese currency in the border trade.</font>
<p> </html>
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