Myanmar central bank announce no plans to change currency rate and issue new notes

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YANGON, Jan 1 (Eleven Media Group/ANN): The Central Bank of Myanmar has announced that there are no plans to change the reference foreign exchange rate and there are no plans to issue any new banknotes.

Due to rumours that the central bank reference exchange rate will be changed in the market; the central bank announced on Dec 15 that the fuel companies are buying the dollar to raise the price of the dollar on the pretext of repaying the financing, and that fraudsters intend to play the market and delay economic growth.