Independent Mon News
Agency
As Burmese migrant workers crowd along
the Thai-Burma border, the value of Burmese currency (Kyat) decreases further.
The purchasing rate for one Thai baht is 25 kyat and 20 coins, and the selling
rate is 24 kyat and 50 coins, say foreign exchanges in Myawaddy,
Kaw-Thaung and
“24 kyat and 50 coins by cheque transfer is the highest rate so far this year,” said
Mr. Lun, a foreign exchange owner based in Three
Pagoda Pass.
“Migrants who came back last month, all
brought kyat. The selling price was one baht to 22 kyat and 50 coins or 23 kyat
and 20 coins. Today, all those who have returned to
Further, Ms. Ma Khaing
said, “If we compare last month with this month, the Kyat currently has less
value.”
Regarding foreign exchange in
Three Pagoda Pas, it often has been unstable.
When the motor road is blocked to
“The inflation of Burmese
currency occurs on every border. It has
the same value in other border areas.
There is not much difference,” stated Nai Lun.
“When the Kyat is deflating, the
price increases by 10 coins to 20 coins every day until it comes to a stable
price. There is no way of knowing how long
this stable period will last. The price
in the border sometimes goes up and sometimes goes down”, accordingly to Nai Lun.
In 2003, Burmese currency was
decreased and the purchasing rate for one Thai baht
was 30 kyat. The Burmese kyat used to have 22 kyat as the highest rate.
For further information,
please contact to Independent Mon News Agency
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