Yangon - The dramatic appreciation of the Myanmar kyat against the dollar over the past three months has cut into the earnings of Burmese working abroad, the Myanmar Times reported Tuesday.
"The kyat has recently risen in value for reasons not entirely clear, even against the US dollar, which now costs about 1,000 kyat," the English-language weekly reported.
For most of last year, the black market rate for the kyat was 1,200 to 1,300 to the dollar.