Burma låter sin valuta flyta, har kanske lärt av Carl Bildts misslyckande

Dom höll ut länge i sitt försvar för den fasta växelkursen.

In one of the biggest economic reforms that Burma has seen, the central bank has set the reference exchange rate for its currency.

818 kyat against the US dollar on Monday, the first business day since moving to a managed float.

The previous official exchange rate was 6.4 kyat.

Under a managed float system a currency's exchange rate is determined by the market.

However, the central bank publishes a daily reference exchange rate to influence the market.

Källa: BBC

 

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