Local Property News | Posted by Hnin Ei Khin
Dollar to Kyat exchange rate has risen again after the central bank bought $ 9 million on March 10, the dollar exchange rate rebound to 1340 kyats per dollar.
The central bank has bought $ 3 million at 1343 Kyats per dollar for the first time and $ 6 million at 1339 Kyats per dollar. On March 10, the Central Bank of Myanmar has released that external buying and selling prices in dollar accounted for over 47 million.
At the opening of March 10, the dollar continued to depreciate at 1,280 kyats, but the dollar exchange rate has increased again within hours after the Central Bank of Myanmar has bought the dollars.
The central bank buys about $ 3 million a day each day because of falling in dollar prices.
The US dollar depreciated faster after America’s Central Bank reduces bank interest rates.
Written by iMyanmarHouse.com Team
Credit: iMyanmarHouse.com
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