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BURMESE KYAT'S VALUE TO FALL TREME
- Subject: BURMESE KYAT'S VALUE TO FALL TREME
- From: moe@xxxxxxxxxxxxx
- Date: Thu, 17 Jul 1997 19:55:00
Subject: BURMESE KYAT'S VALUE TO FALL TREMENDOUSLY:US$1 = 400 KYATS
IntelAsia,New York 17 July
Analysts in US say the Burmese currency is one of the most unstable in the
region and it is
very likely that one US dollar's exchange rate is going to be 400 Burmese
Kyats later
this month.
The military regime known as SLORC [ State Law and Order Restoration Council
] seems
to be worried that the Kyat's value is falling far more than it was expected
and the
remedy to control is detaining the money traders. Will it solve the proble?
The answer is
crystal clear."This is not what a government can force to do.
By Julien Moe