[Date Prev][Date Next][Thread Prev][Thread Next][Date Index
][Thread Index
]
Mizzima: Burmese kyat stabilizes
--------------3C9D93D6132596DA299ADDB9
Content-Type: text/plain; charset=iso-8859-1
Content-Transfer-Encoding: 8bit
Burmese kyat stabilizes
Rangoon, May 23rd 2001
Mizzima News Group (www.mizzima.com)
Burmese kyat has stabilized and edged higher in its exchange with US
dollar after declining to its lowest ever record last week. "The kyat
has risen against the dollar in the (black) market. It is around 740/750
kyat to the US dollar today", said a currency dealer in Rangoon. Burmese
kyat declined to record lows last week hitting the market with kyat
850/900 to the US dollar.
The country?s Foreign Exchange Certificates (FEC) has also strengthened
itself today with the prevailing market rate of kyat 720/730 to the FEC.
The authorities had cracked down on some dozens currency dealers in
Rangoon and Mandalay after the sudden slide of kyat last week. ?Those
dealers who were arrested are not yet released?, said the currency
dealer who wants to remain anonymous.
?Words are spreading that the authorities are warning the people not to
talk and discuss about the currency exchange situation?, said a Rangoon
resident.
--------------3C9D93D6132596DA299ADDB9
Content-Type: text/html; charset=iso-8859-1
Content-Transfer-Encoding: 8bit
<!doctype html public "-//w3c//dtd html 4.0 transitional//en">
<html>
<center><font color="#3333FF"><font size=+2>Burmese kyat stabilizes</font></font></center>
<p><i><font color="#FF0000"><font size=+1>Rangoon, May 23rd 2001</font></font></i>
<br><i><font color="#FF0000"><font size=+1>Mizzima News Group <a href="http://www.mizzima.com";>(www.mizzima.com)</a></font></font></i>
<p><font size=+1> Burmese kyat has stabilized and edged higher in
its exchange with US dollar after declining to its lowest ever record last
week. "The kyat has risen against the dollar in the (black) market. It
is around 740/750 kyat to the US dollar today", said a currency dealer
in Rangoon. Burmese kyat declined to record lows last week hitting the
market with kyat 850/900 to the US dollar.</font>
<p><font size=+1>The country?s Foreign Exchange Certificates (FEC) has
also strengthened itself today with the prevailing market rate of kyat
720/730 to the FEC.</font>
<p><font size=+1>The authorities had cracked down on some dozens currency
dealers in Rangoon and Mandalay after the sudden slide of kyat last week.
?Those dealers who were arrested are not yet released?, said the currency
dealer who wants to remain anonymous.</font>
<p><font size=+1>?Words are spreading that the authorities are warning
the people not to talk and discuss about the currency exchange situation?,
said a Rangoon resident.</font>
<p> </html>
--------------3C9D93D6132596DA299ADDB9--