After the coup d’état by the military council, the dollar prices and gold markets in Burma rose to record highs. In the meantime, news is spreading that the military council is producing more new banknotes. Now, it is known that within Myanmar, 16 pea syrup is worth up to 62 Burmese silver.
According to the Yangon Region Gold Industry Association YGEA’s statement today, July 28, one kyat of Academy Milin Shwe is 4,592,263 kyats.
Due to the continuous increase in gold prices and the price of gold, the military council issued arrest warrants to the owners of the gold industry, claiming that they were “playing with the gold price and silver prices”. There are also arrests of bankers. At the beginning of July, the amount of gold was more than 5000,000, but now it has increased to more than 6200,000.
After the military coup, the military council spent more on military expenses, the domestic and international investors who did not want to join the terrorist army left, and the border trade was affected, and the country’s economy declined. At the beginning of the coup, there were only over 1300,000 Shweta Kyats, but within 3 years of the coup, the number of Shwe Takyats has risen to 6200,000.
