Myanmar currency hovers near all-time low

Flip-flopping on forex trading band rules rattles market, pushes down kyat

A money-changer's office in Yangon: Myanmar's currency, the kyat, has fallen 20% to 30% since a military takeover of the government on Feb. 1.

Nikkei staff writers

September 16, 2021 15:54 JST

BANGKOK/YANGON -- Myanmar's currency, the kyat, fell to an all-time low this week after the country's central bank reversed exchange rate regulations imposed in August. The depreciation will make it even harder for the government to stabilize the Southeast Asian country's economy, which has been disrupted since the military takeover in February.