Myanmar is bordered by India and Bangladesh to its west, Thailand and Laos to its east and China to its north and northeast. Myanmar is the largest of the mainland Southeast Asian states. The Pagan Kingdom fell due to the Mongol invasions and several warring states emerged. In the 16th century, reunified by the Taungoo dynasty , the country was for a brief period the largest empire in the history of Mainland Southeast Asia.
Economy of Myanmar
Myanmar - Wikipedia
SYDNEY — Burma, once the richest countries in Southeast Asia, today is mired in deep poverty — its economy ruined by nearly 50 years of economic mismanagement under military rule. And yet, over the last few years Burma has also emerged as a significant producer of energy in Southeast Asia. Thanks to large fields of recoverable natural gas located offshore, Burma now earns substantial foreign exchange revenues. To get the gas into Yunnan, a much longer pipeline — running the length of Burma — must be built. The project will be as difficult as it will be controversial. But, with no environmental or labor standards to contend with, few doubt that the pipeline will proceed. The device is simple.
Exclusive - Myanmar plans to set kyat at 820 per dollar - sources
Spurred by Aung San Suu Kyi's victory in the country's first open elections since , the kyat is up more than 10 per cent, finally on track for an annual gain after falling every year since a managed float in Cash is pouring in now, laying the foundations for further appreciation. For Andrew Lee, who returned to the country of his birth four years ago to open General Electric's business there, the kyat's rally is proof that he made the right choice. A stronger currency is essential for the burgeoning economy, he says, making imports cheaper while reducing the cost of funding government infrastructure projects in dollars. We know there's still a lot of work to be done on the country's infrastructure.
Exchange rates for the Myanmar Kyat against foreign currencies from Asia and Pacific are displayed in the table above. The values in the Exchange Rate column provide the quantity of foreign currency units that can be purchased with 1 Myanmar Kyat based on recent exchange rates. To view Myanmar Kyat historical exchange rates, click on the Table and Graph links. Link to this page - if you would like to link to current Myanmar Kyat exchange rates on this page, please copy and paste the HTML from below into your page.