Yangon-based businessmen and major foreign exchange brokers say that in the domestic business market, the exchange rate has reached a record high of over 5,300 kyat per US dollar. According to the foreign exchange rates of the morning of July 30 today, the Thai baht price, It is known that foreign gold prices, including the yuan price, are at record highs.
The Military Council announced on July 26 that it will print new banknotes and raise the salaries of all employees nationwide. The military council said that the salary was increased while the dollar price was rising and the kyat was falling.
It was learned from a money transfer business operator at Myawati border of Thailand-Myanmar that the price of Thai baht was only around 127 kyats per 1 baht, but as the price rose to 146 kyats per 1 baht today, it was only around 700 baht per 100,000 kyats.
In addition, the price of gold has risen to 65,500,000 per kyat of 16,000,000 per kyat of bark gold, according to market research. The Chinese yuan was almost 70,000 kyats per 100 yuan yesterday, but today it has risen to 71,500 kyats per 100 yuan.
During the (3) years of the Military Council’s coup d’état, the local money market has been falling, and the price of money is changing daily.
