Myanmar's currency black market thrives in banks' shadow

Informal trading still on par with legitimate dealings, amplifying kyat's swings

YUICHI NITTA, Nikkei staff writer

YANGON -- Even as banks take on a growing share of foreign exchange trading in Myanmar, black market dealers remain firmly entrenched, with the short-lived crackdowns by the government when the kyat moves too sharply doing little to root out the problem.

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