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Myanmar Crisis

Myanmar's brewing currency crisis causes consumer prices to soar

Import-dependent economy sees kyat drop 14% against dollar as gasoline rises 20%

BANGKOK -- Myanmar's currency has been depreciating since the Feb. 1 coup, considerably increasing the prices of imported goods.

The value of the kyat against the U.S. dollar dropped 14% in the two months following the coup. While the price of gasoline jumped more than 20%, imported foodstuffs are also becoming expensive, leading to more strains on consumers.

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