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View Full Version : Myanmar Sets Kyat Reference Rate as It Adopts Managed Float - Bloomberg



NewsWhore
04-02-2012, 08:20 PM
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Bloomberg (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGIEg6ivq9kKRtwqEKK2RO8Ol3jwQ&url=http://www.bloomberg.com/news/2012-04-02/myanmar-sets-kyat-reference-rate-as-it-adopts-managed-float-2-.html)


Myanmar Sets Kyat Reference Rate as It Adopts Managed Float (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGIEg6ivq9kKRtwqEKK2RO8Ol3jwQ&url=http://www.bloomberg.com/news/2012-04-02/myanmar-sets-kyat-reference-rate-as-it-adopts-managed-float-2-.html)
Bloomberg
Myanmar's central bank adopted a managed float for its currency, scrapping a 35-year fixed exchange rate, after elections yesterday that will pave the way for the end of economic sanctions. The central bank set a daily rate of 818 kyat per dollar, ...

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