Pressure eases on Myanmar inflation due to declining consumer demand

Declining consumer spending and demand as a result of COVID-19 has suppressed inflation levels in Myanmar, according to a June report by the Central Statistical Organisation. Inflationary pressure first showed signs of easing in March, after the first cases of the coronavirus were reported in Myanmar. Inflation has continued to decline over the past three […]

Black market dollar rate drops after CBM pressure

The exchange rate for the US dollar is going down on the black market as the Central Bank of Myanmar (CBM) applied pressure on private banks not to manipulate the market, according to private banks and black market dealers. The CBM warned the private banks on November 19 not to influence the dollar exchange rate […]