BANGKOK -- Myanmar's central bank has decided to inject over $200 million worth of foreign currency into the forex market to control inflation that it says is caused by soaring fuel prices.
Myanmar Crisis
Myanmar plans $200m currency intervention to fight inflation
Local currency kyat slides nearly 40% in August as fuel prices climb
The depreciation of the kyat against the dollar is believed to have been triggered by the central bank's forced currency conversion rule.
Read Next
Latest on Myanmar Crisis
