Myanmar’s central bank aims for weaker currency – Reuters, May 18, 2012
Myanmar’s central bank wants to weaken its newly floated currency and prevent further rises that could derail reforms to its economy, a deputy central bank governor said.
Nay Aye, one of two deputy governors, added that foreign banks will be able to form joint ventures in Myanmar by 2014, a year earlier than expected, as foreign investors begin to size up one of Asia’s most promising frontier markets following the suspension of U.S. and European sanctions…
- Remembering Black May 1992
- All About Royal Ploughing Day
- Four Years Ago: Another Coup in Thailand
- Student Hero
- A young girl does a better job than the PM
- Who will come crawling?
- Anti-rabies GT 200
- Talking to the snake
- The rich man is not full yet
- Red Shirt and Black Panther
- RIP “Rong” Narong Prapasanobol, cartoonist