Dollar Loses Luster Against Asia s Top Performing Currency of 2020
Bloomberg 12/23/2020 Khine Lin Kyaw and Chester Yung
(Bloomberg) Zaw Moe Ko was happy that his boss in Myanmar’s commercial center of Yangon pays him in dollars until the pandemic struck. Now he can’t get rid of them fast enough.
Popular Searches
“I feel safer now when I have kyat rather than U.S. dollars,” he said, in what’s become a more widespread vote of confidence in the local currency. “If I only have U.S. notes, it will be hard for me to buy goods in a local market.”
Dollar Loses Luster Against Asia s Top Performing Currency of 2020
Bloomberg 12/23/2020 Khine Lin Kyaw and Chester Yung
(Bloomberg) Zaw Moe Ko was happy that his boss in Myanmar’s commercial center of Yangon pays him in dollars until the pandemic struck. Now he can’t get rid of them fast enough.
Popular Searches
“I feel safer now when I have kyat rather than U.S. dollars,” he said, in what’s become a more widespread vote of confidence in the local currency. “If I only have U.S. notes, it will be hard for me to buy goods in a local market.”
Movers and Shakers of 2020: The Irrawaddy’s Persons of the Year
Movers and Shakers of 2020: The Irrawaddy’s Persons of the Year
5.6k
By The Irrawaddy 22 December 2020
It has been a uniquely challenging year, even by the standards of Myanmar’s recent history. The global COVID-19 pandemic has not spared the country, and while the toll has been severe Myanmar ranks third in ASEAN for cases and deaths the most dire predictions have not come to pass, thanks to the heroic efforts of the nation’s doctors, nurses and volunteer health workers, who have worked tirelessly and at great personal risk to ensure that every patient receives free hospital treatment and that the country’s quarantine centers continue to function. The nation’s stretched medical resources have been calmly and capably deployed by Health Minister Dr. Myint Htwe and State Counselor Daw Aung San Suu Kyi, and crucially supplemented by the donations of Myanmar citizens, rich and poor. The nation’s economic