Myanmar

  • Following five decades of political and economic isolation, Myanmar is in the midst of transformational change after Thein Sein, the former military leader turned president,initiated historic reforms in 2011.Since then, foreign direct investment has quadrupled toUS$8.1 billion during the 2014-2015 fiscal year.GDP growth in 2015 should reach 8.2% laying further groundwork for the formation of a middle class. While the attractiveness of Myanmar as production base and an end market is compelling the challenges are vastthough not insurmountable.
    Political reforms are happening at a slower pace. The ceasefire signed on October 15, 2015 would ostensibly pave the way for wider political reforms and expanded investment opportunities, however the timing with the November 8 election around the corner and the fact that the most powerful armed groups did not sign the agreement provide ample reason to temper expectations. The opposition party, the National League for Democracy, led by Aung San Suu Kyi, is positioned to perform well this election cycle though the ruling Union Solidarity and Development Party and the military will remain powerful political forces.
  • Price of 1 US$ in Myanmar Kyat: 1,357.50 6.50 (0.48%) 6.50 (0.48%) As of 5:11 AM EDT 5/19/2017

    Interactive Currency Exchange Rate Chart Generated by Bloomberg.com External Link

     
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