My Financial News from Myanmar, Dollar

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Myanmar , Monday 12 January 2026

News Myanmar Dollar: Myanmar's military chief pardons prisoners to mark holiday

Published on: Sunday 17 April 2022
Myanmar's military chief pardons prisoners to mark holiday
News source: https://www.mysanantonio.com/news/article/Myanmar-s-military-chief-pardons-prisoners-to-17086400.php

Myanmar’s military government on Sunday began releasing more than 1,600 prisoners to mark the traditional new year holiday, but they didn't include any political detainees despite the country’s ruling ...

News Myanmar Dollar: Myanmar’s Military Junta Tightens Control Over Foreign Currency Flows

Published on: Monday 04 April 2022
Myanmar’s Military Junta Tightens Control Over Foreign Currency Flows
News source: https://thediplomat.com/2022/04/myanmars-military-junta-tightens-control-over-foreign-currency-flows/

Under new central bank rules, all local holders of foreign currency will have to convert them to Myanmar kyats.

News Myanmar Dollar: Myanmar Regime Soldiers Tempted to Defect by NUG’s Cash Offer

Published on: Sunday 17 April 2022
Myanmar Regime Soldiers Tempted to Defect by NUG’s Cash Offer
News source: https://www.irrawaddy.com/news/burma/myanmar-regime-soldiers-tempted-to-defect-by-nugs-cash-offer.html

Almost 3,000 soldiers have defected from the military since the coup and the civilian National Unity Government expects more to follow. 

News Myanmar Dollar: Myanmar kyat still weakens against USD in black market

Published on: Saturday 19 February 2022
Myanmar kyat still weakens against USD in black market
News source: https://www.thestar.com.my/aseanplus/aseanplus-news/2022/02/20/myanmar-kyat-still-weakens-against-usd-in-black-market

YANGON, Feb 20 (Xinhua): The Myanmar kyat has been depreciating against the US dollar with an exchange rate of over 1,900 kyats per dollar in the local black market in recent days, state-run ...

News Myanmar Dollar: Telenor Group to Sell 51% Stake in Myanmar's Mobile Financial Services Unit

Published on: Monday 17 January 2022
News source: https://www.thefastmode.com/mobile-network-operators-m-a/22503-telenor-group-to-sell-51-stake-in-myanmars-mobile-financial-services-unit

Telenor Group and Yoma Strategic have entered into an agreement to sell Telenor Group’s 51 percent share of Digital Money Myanmar (Wave Money) ...

News Myanmar Dollar: Myanmar Democracy Group Look to Tether After Failure of Myanmar Dollar Project

Published on: Sunday 16 January 2022
News source: https://uk.finance.yahoo.com/news/myanmar-democracy-group-look-tether-190000063.html

As the military seized control of the issuance of currency in Myanmar in 2021, the citizens responded by taking to the stablecoin Tether for peer-to-peer transactions and cross-border remittances.