[English] Strange FX Game in Myanmar: How Currency Policies Are Crippling the Economy 💸🌏
Update: 2024-11-19
Description
Since Myanmar’s 2021 military coup, the country’s economy has faced significant turmoil. One key issue is the peculiar exchange rate system controlled by the Tatmadaw, Myanmar’s military government.
🌟 Key Points Covered:
- Exporters must convert earnings at rates far below market value (as low as 2100 kyat per dollar).
- The military uses these earnings for imports and military expenses.
- Inflation has skyrocketed by 426%, with the economy spiraling downward.
Discover how these policies are reshaping Myanmar’s economy and driving away investors like Total and Chevron.
🎧 Learn more in this episode:
🔗 https://matt-english.com/podcast/
📚 Want to improve your English skills? Check out these programs:
🔹 Business English Pro (Full Access)
🔹 10-Minute Business English (Mobile-Friendly)
▶️ More details here: https://www.wisdomsq.com/program/
#Myanmar #Economy #FXMarket #Podcast #EnglishLearning
Comments
Top Podcasts
The Best New Comedy Podcast Right Now – June 2024The Best News Podcast Right Now – June 2024The Best New Business Podcast Right Now – June 2024The Best New Sports Podcast Right Now – June 2024The Best New True Crime Podcast Right Now – June 2024The Best New Joe Rogan Experience Podcast Right Now – June 20The Best New Dan Bongino Show Podcast Right Now – June 20The Best New Mark Levin Podcast – June 2024
In Channel