According to the Muse Border Commodity Exchange, border trade has been weak due to the depreciation of the US dollar. “Border trade is rice. The rice is legal.
About 40 cars enter regularly. Money prices are falling sharply. Trading is not good because the money is falling. There is no profit after selling. That is what happened. Myanmar currency is valuable and foreign currency is cheaper, so it is not as profitable as selling. If you get this side, you get foreign currency. The Chinese currency has depreciated, ”said Min Thein, secretary of the Muse Border Commodity Exchange.
Previously, the exchange rate of the US dollar was around 1,500 kyats per dollar, but now it is around 1,300 to 1,400 kyats per dollar. According to the Foreign Exchange Management Department.
