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…
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