With Myanmar’s currency plunging and inflation soaring, the owner of three mobile phone shops in Mandalay announced he was giving his employees a raise. Word of his generosity quickly spread on Facebook, and his workers cheered the news.
The junta will be in deep shit if or when the National Unity Government decides to issue its own currency to compete with the junta-issued Burmese kyat. Especially if that currency is backed with USD or some other hard currency or resources.
The junta will be in deep shit if or when the National Unity Government decides to issue its own currency to compete with the junta-issued Burmese kyat. Especially if that currency is backed with USD or some other hard currency or resources.