On April 2 the resource-rich Myanmar embarked on a very bold move to open up its insular and dysfunctional banking system by floating the kyat. For 35 years it had been pegged to the International Monetary Fund’s special drawing rights at 6.4 kyat to the US dollar but now it is set at a reference rate of 818 kyat, roughly in line with where it trades in the black market.
Sign-in to access CorporateTreasurer content.
Please sign in to your subscription to unlock full access to our premium CT resources.
Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial. Click the link to get started.
Note: This free trial is a one-time offer. You are eligible for one free trial per year.
If you are a treasurer, CFO or senior finance professional at a corporate, please register to the website here.
Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.