Burma: Rising Food Prices due to Exchange Rate and Other Challenges

  |   Attaché Report (GAIN)   |   BM2021-0030

The military coup continues to negatively impact Burma’s economy, and the value of the Myanmar Kyat hit record lows in September. Arriving shipments, however, are being cleared and are not facing many clearance challenges. The unstable security situation, continued disruptions in the banking sector, and depreciating local currency have contributed to rising costs for imports. This report provides situational updates from Post’s July 2021 report.

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