Myanmar has not disclosed its level of foreign currency reserves. World Bank data shows it had just $7.67 billion in reserves at the end of 2020, before the February coup.
Despite a string of recent cryptocurrency scandals, the country's resistance forces have a lot to gain from pushing toward fintech's frontiers. Booming demand and limited supply of U.S. dollars ...
Myanmar central bank sees currency stabilizing on new measures October 7, 2021 Myanmar’s economy is deteriorating as its civil conflict intensifies, World Bank report says ...
Even though the foreign currency rate is not a factor that anyone can have control over, carrying out your money transfer to Myanmar will be greatly improved by avoiding the use of high street banks.
With the civil war showing no sign of ending, the country’s economic prospects will remain “bleak” in 2025-26.