Plunging currency, dollar drought worsen Myanmar economic crisis

October 12, 2021 7:25 AM

YANGON (BLOOMBERG) – Myanmar is battling a plunging local currency amid an unprecedented US dollar shortage, driving up the cost of imports and worsening the economy’s struggle with dual challenges of the pandemic and post-coup financial isolation.

Source : http://www.straitstimes.com/business/economy/plunging-currency-dollar-drought-worsen-myanmar-economic-crisis