Myanmar has not disclosed its level of foreign currency reserves. World Bank data shows it had just $7.67 billion in reserves at the end of 2020, before the February coup.

Sanctions are, according to research, effective less than 10% of the time if success is defined as the complete compliance of a sanctioned regime with the imposed external pressure. Taking a more ...

YANGON: A rapid depreciation of Myanmar's currency is pushing up the prices of essentials, including food and medicine, crippling ordinary households in the South-East Asian country wrecked by ...

With the civil war showing no sign of ending, the country’s economic prospects will remain “bleak” in 2025-26.

SINGAPORE — The civil war now engulfing Myanmar is driving the population into an acute economic crisis, with the middle class shrinking dramatically and poverty spreading widely, according to a ...

Despite a string of recent cryptocurrency scandals, the country's resistance forces have a lot to gain from pushing toward fintech's frontiers. Booming demand and limited supply of U.S. dollars ...

Myanmar central bank sees currency stabilizing on new measures October 7, 2021 Myanmar’s economy is deteriorating as its civil conflict intensifies, World Bank report says ...