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.
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“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.”
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.”