YANGON (Reuters) - Myanmar will begin a managed float of its currency in the fiscal year starting in April and wants to develop an interbank money market to end a black-market currency system that critics say deters investment and abets kleptocracy.
Central bank deputy governor Maung Maung Win laid out the currency plan, Myanmar's boldest economic reform yet, in documents seen by Reuters Tuesday that said preparations to unify the dual exchange rate should be made by the end of this month.
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