The digital currency would operate outside Swift but still have access to American banks.
Early efforts by Myanmar’s opposition National Unity Government (NUG) to issue a U.S. dollar-backed cryptocurrency have failed. They should try again, and harder: economic independence would further ...
The military’s post-coup energy policy partnerships with China, Russia, and Thailand have done little to ease the hardship of ...
(Reuters) - Myanmar's economy is expected to shrink by 1% in the current fiscal year, the World Bank said on Wednesday, sharply downgrading its economic forecast as severe floods compounded the ...
BANGKOK (AP) — Myanmar’s central bank has promised improvements and warned against currency manipulation after an international watchdog put the military-controlled country on a terrorism and ...
Every table and much of the floor at Co-Operative Bank in Myanmar's commercial capital is stacked with thick bricks of the local kyat currency. Money counting machines clatter. Workers carry sacks of ...