Topic: Myriad is destroying the 'Myanmar' economy
Political conflict The takeover of rulership in Myanmar Resulting in the situation in many cities of the country Fall into a state of apostasy The slaughter and chase happened every day. As if in a battle that must be eliminated from the other side to be able to.
So far this week, at least 460 unarmed protesters have been killed.
In the midst of the chaos that happened The economy of the country is sinking deeper and deeper in the crisis.
People across the country boycott products produced by business ventures controlled by the military, ranging from beer, cigarettes and cell phone networks. There were also more and more strikes by government officials in important ministries, including slotxo ระบบออโต้ the Ministry of Finance, the Ministry of Transport. And the Ministry of Public Health The goal is to disrupt government business. Cut as much of the income as possible by the junta.
Many observers point out that There are signs of a cash shortage in the hands of the junta to see each other. After the military failed to put a massive $ 1 billion in cash left in the New York Branch State Reserve Bank because it was seized by the United States.
As a cause on February 15 the past The Myanmar junta tries to sell a five-year government bond worth 200 billion kyat, but Economy says There is only one buyer The amount purchased is only 1,700 million kyats. At the flower level, it is more expensive than usual as well.
The International Monetary Fund (IMF) had previously stated that. Myanmar has only $ 6.6 billion in foreign exchange reserves, including $ 1 billion it has been held.
The problem that arises is that Myanmar has to import several important consumer products from abroad. Since cooking oil To fuel Because it doesn't have its own distillery While the kyat continues to depreciate.
Foreign investment Which used to be a major source of foreign currency completely disappeared. While the factory arson sabotage that was aimed at Chinese factories in the past. This makes the investment situation even worse.
In addition to the exchange rate that is creating a big problem for the Myanmar military government at this time The budgeting of the state is also a huge problem. The IMF had previously estimated before the seizure of power that this year Myanmar's budget was at 8.1 percent negative.