File picture of bank workers counting kyat notes in Myanmar. The kyat lost more than 60% of its value in September, driving up food and fuel prices in a fragile economy that has languished since the Feb 1 military coup. - Reuters
YANGON (Reuters): Military-appointed authorities in Myanmar are making progress in addressing its currency crisis, with the kyat stabilising and efforts underway to keep prices under control, a senior central bank official said.
The kyat lost more than 60% of its value in September, driving up food and fuel prices in a fragile economy that has languished since a Feb 1 military coup and is on course for a double-digit contraction this year.
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