Asia’s Best Performing Currency Weighs on Burma’s Rulers

Asia’s Best Performing Currency Weighs on Burma’s Rulers – blogs.forbes.com,. August 24, 2011
…Why is the kyat so strong? One reason is the weak dollar – Burma’s commodity exports are priced in dollars. Another is the slew of privatizations and asset sales over the last year that had to be settled in kyat. Speculation in kyat by Chinese investors is another supposed cause. But much of what passes for economic analysis in Burma is guesswork. It hasn’t published a credible budget for years and its statistics are notoriously unreliable…

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