These days, the dollar price and the gold price are rising exponentially. Today, the price of bark gold is up to 59 lakhs per kyat (Myanmar usage) and The dollar price has reached a record high of 5,000 MMK per dollar. Until last week, the dollar was stable at around 3,800 MMK, but now it has risen to more than 1,000 MMK.
The way the dollar is rising and the value of the kyat is collapsing so much, I can see that the country is in a situation where anything can happen. But what happens in this country is that those prices skyrocket, and after a while, they often come back down to almost the original price. If the value of the kyat does not fall rapidly in such a short period of time, nothing will happen. The military council will continue to make arrests. We have to watch how much it goes up and when it settles down.
