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KBank partners with KBZ Bank in offering Kyat funds transfer service via K PLUS

August 22, 2023

This partnership is allowing more than 2 million Myanmar nationals to send money to their homeland quickly and easily

Central Bank issues seven businesses and organizations exempt from dollar to kyat exchange

April 22, 2022

The Central Bank of Myanmar (CBM) announced on April 20 that it will exempt seven organizations, including MIC-licensed FDI, investments made in special economic zones and state-owned/national-owned international airlines, from dollar to kyat exchange within a day.

Rapid depreciation of the kyat devastating Myanmar consumers and businesses

TUESDAY, OCTOBER 05, 2021

YANGON- Rapid depreciation of the kyat huge caused significant price hikes, shuttered many local businesses, and has led to shortages. Price of essential foods, medicines, and fuel have increased substantially over the past few weeks.

Myanmar economy badly hit by weakening kyat, rising prices

WEDNESDAY, APRIL 28, 2021

Yangon - The plunge in the value of the Kyat is causing rising prices and shortages of some products – hurting mostly the poor.

Action urged to shore up Myanmar exporters

MONDAY, AUGUST 06, 2018

MYANMAR’S government has been urged to rein in the rise of the kyat and ease the impact of a decline in export competitiveness on the country’s manufacturing and agricultural sectors.

Unstable kyat may hit economy

THURSDAY, FEBRUARY 11, 2016

MYANMAR’S foreign-exchange market has become a victim of global volatility as the kyat surges against the US dollar, which recently weakened against other currencies. Exacerbating the situation is the influence of local speculation, driven mainly by eup

Bagan to charge entrance fee in kyat

THURSDAY, OCTOBER 08, 2015

Myanmar will resume the collection of entrance fee to its famous historic site in Bagan in local currency, starting next month.

Myanmar central bank mulls new move to stem kyat fall

FRIDAY, AUGUST 28, 2015

The Central Bank of Myanmar is stepping up its efforts to discourage the domestic use of US dollar, with the plan to illegalise dollar-denominated transactions.

Kyat falls to record low

FRIDAY, JUNE 05, 2015

The weakening kyat is feared to affect the national budgeting

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