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Myanmar Military Takes Power for One Year, Suu Kyi in Detention

Myanmar Military Takes Power for One Year, Suu Kyi in Detention
Bloomberg
2/1/2021
Khine Lin Kyaw and Philip J. Heijmans
© Getty Images via Bloomberg
Myanmar s State Counsellor Aung San Suu Kyi looks on as health workers receive a vaccine for the Covid-19 coronavirus at a hospital in Naypyidaw on January 27, 2021.
(Bloomberg) Myanmar’s military detained Aung San Suu Kyi, declared a state of emergency for a year and voided her party’s landslide November election victory in a setback for the country’s nascent democracy.
Army chief Min Aung Hlaing’s office said he took the action in response to alleged voter fraud and the military would hold a “free and fair general election” after the emergency is over. An order by acting President Myint Swe, a former general aligned with the army, granted full authority to the army chief to run the country, saying it was necessary to act before new parliament sessions began this week. ....

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Dollar Loses Luster Against Asia's Top Performing Currency of 2020

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.” ....

Ethan Lwin , Burma General , New Zealand , South Korea , Khoon Goh , Zaw Moe Ko , Bloomberg Zaw Moe Ko , Suu Kyi , Kanbawza Bank , Central Bank , Australia New Zealand Banking Group Ltd , World Bank Myanmar Economic , Bloomberg Myanmar , World Bank , Myanmar Economic , May Toe Win , Trade Reaches , Aung San Suu Kyi , New Zealand Banking Group , Zaw Moe , விட ழ்வின் , பர்மா ஜநரல் , புதியது ஜீலாந்து , தெற்கு கொரியா , கூன் கோ , ஶ்யூயூ கீ ,

Myanmar's Kyat Beats Dollar as Year of Pandemic Upends Markets

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.” ....

Ethan Lwin , Burma General , New Zealand , South Korea , Khoon Goh , Zaw Moe Ko , Bloomberg Zaw Moe Ko , Suu Kyi , Kanbawza Bank , Central Bank , Australia New Zealand Banking Group Ltd , World Bank Myanmar Economic , Bloomberg Myanmar , World Bank , Myanmar Economic , May Toe Win , Trade Reaches , Aung San Suu Kyi , New Zealand Banking Group , Zaw Moe , விட ழ்வின் , பர்மா ஜநரல் , புதியது ஜீலாந்து , தெற்கு கொரியா , கூன் கோ , ஶ்யூயூ கீ ,

Even Myanmar's Currency Is Gaining Against the Dollar This Year

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.” ....

Ethan Lwin , Burma General , New Zealand , South Korea , Khoon Goh , Zaw Moe Ko , Bloomberg Zaw Moe Ko , Suu Kyi , Kanbawza Bank , Central Bank , Australia New Zealand Banking Group Ltd , World Bank Myanmar Economic , Bloomberg Myanmar , World Bank , Myanmar Economic , May Toe Win , Trade Reaches , Aung San Suu Kyi , New Zealand Banking Group , Zaw Moe , விட ழ்வின் , பர்மா ஜநரல் , புதியது ஜீலாந்து , தெற்கு கொரியா , கூன் கோ , ஶ்யூயூ கீ ,