My Financial News from Myanmar

from Bing and Google News
Myanmar , Sunday 30 August 2026

Myanmar's banks buckle under junta rule as the kyat loses three-quarters of its value

Published on: Sunday 16 August 2026

Myanmar's banks buckle under junta rule as the kyat loses three-quarters of its value By Ben Aris in Berlin Cash-strapped depositors, a collapsing currency and lenders shut out of the global financial system – Myanmar's banks are being ground down by more than five years of military rule. The economy shrank 2% in the fiscal year to March and consumer prices rose 24.6% year on year in April, the World Bank said in June, warning that ...


News source: https://www.msn.com/en-us/money/markets/myanmar-s-banks-buckle-under-junta-rule-as-the-kyat-loses-three-quarters-of-its-value/ar-AA2ag9p2

Share this news on:  

RELATED NEWS

» Belarusian commodity exchange accredits first company from Myanmar
» Myanmar Cement Industry Report 2026: Portland, Blended, Specialty, Green Cement Market Size & Forecast by Value and Volume Across 100+ Market Segments 2021-2030
» Rare Earths Supply Stifled By Controversy In Myanmar
» Myanmar to Import Russian Oil, Military Says
» Myanmar Construction Industry Report 2025 | Output to Register an AAGR of 3.9% During 2026-2029, Supported by Investments in Renewable Energy, Infrastructure Projects, and ...

HEADLINE NEWS