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Published 2 years ago

Exclusive: Myanmar, with $6 billion in foreign reserves, is doing utmost to stabilise currency -minister

Summary by Reuters
Myanmar's military-appointed authorities are doing their utmost to stabilise the kyat currency and support an economy in crisis since a coup in February, a cabinet minister told Reuters on Tuesday, blaming the woe partly on foreign backers of opponents. Inflation in the southeast Asian nation has soared more than 5% since the military took power and its foreign reserves stand

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