These days, the dollar price is gradually falling. The dollar price, which was above 6,000 kyats at the beginning of the month, has now fallen below 5,000 kyats. Every September In October, the dollar tends to fall, but another interesting piece of news is coming out.
The military council is selling more Chinese yuan in the currency market. Chinese yuan for importers with a large demand for foreign currency and for importers of jet fuel and other fuels. Selling the Thai baht and US dollars has seen a significant increase in selling the Chinese yuan in recent months. Foreign currency prices are 4,750 kyats per US dollar at the overseas market. The Thai baht is 143 kyats per baht and the Chinese yuan is 660 kyats.
Foreign exchange rates fell after reports emerged that China had given the military council a loan of 3 billion yuan (about $430 million) after Chinese Foreign Minister Wang Yi visited Myanmar in August. Initially, it was reported that China would provide a loan, but China gave three billion yuan under the guise of paying for natural gas, thus keeping the military council in financial straits. We can see that China is providing assistance to the Military Council in various fields and interfering in various ways to prevent the revolution from succeeding.
