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Burma floating its currency exchange rate

In one of the biggest economic reforms that Burma has seen, the central bank has set the reference exchange rate for its currency. It set a rate of 818 kyat against the US dollar on Monday, the first business day

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Burma to float kyat in April to attract investment

Burma has said it will start a managed float of its currency from 1 April to attract foreign investors. The Central Bank of Myanmar (Burma) said the currency, the kyat, will “from now on be determined by supply and demand”.

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