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Myanmar Crisis

Myanmar currency hits record low as economy fails to normalize

Heavy demand for foreign exchange makes dollars increasingly scarce

Money changers in Yangon are running out of hard currencies to trade as the kyat crashes to record lows. 

BANGKOK -- Myanmar's foreign exchange hit a record low of 1,660 kyat on the dollar on Monday, according to a state media report citing the local exchange rate.

Despite continuous efforts by the junta, the currency has lost 20% of its value since a military coup on Feb. 1.

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