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

2024-11-20 · 1分

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/ 📚 Want to improve your English skills?…

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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/

📚 Want to improve your English skills? Check out these programs:

🔹 Business English Pro (Full Access)

🔹 10-Minute Business English (Mobile-Friendly)

▶️ More details here: https://www.wisdomsq.com/program/

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