[English] Strange FX Game in Myanmar: How Currency Policies Are Crippling the Economy 💸🌏

Since Myanmar’s 2021 military coup, the country’s economy has faced significant turmoil. One key issue is the peculiar exchange rate system controlled by the Tatmadaw, Myanmar’s military government.

🌟 Key Points Covered:

• Exporters must convert earnings at rates far below market value (as low as 2100 kyat per dollar).
• The military uses these earnings for imports and military expenses.
• Inflation has skyrocketed by 426%, with the economy spiraling downward.

Discover how these policies are reshaping Myanmar’s economy and driving away investors like Total and Chevron.

🎧 Learn more in this episode:
🔗 https://matt-english.com/podcast/

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