The surprise decision to fix the rate of the kyat has harmed the competitiveness of Myanmar’s rice exports, traders say, and orders from abroad are already beginning to decline.
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The junta sacked the country's envoy after he spectacularly broke ranks by calling for the regime's downfall on February 26, but on March 1, U Kyaw Moe Tun sent a letter to the president of the UN General Assembly saying he still holds the post.
Security forces have deployed tear gas, rubber bullets and stun grenades to dislodge protesters from their home-made barricades, with only limited success.
City residents are rejecting junta-appointed “security and rule of law teams” and instead forming parallel local government structures that answer to elected MPs.
The Democratic Voice of Burma reporter Kaung Myat Naing livestreamed the Monday night attack on his apartment in Myeik as he pleaded for help. DVB says it does not know which military unit took him, or where they have taken him.
Myanmar’s banking system has barely functioned since tens of thousands of private sector workers walked off the job three weeks ago in an effort to.
Police have fired live rounds as well as tear gas, stun grenades and rubber bullets in response to large demonstrations across the country in the bloodiest day yet since the February 1 coup.
Police have fired tear gas and rubber bullets to break up peaceful demonstrations in major cities, with videos and photos showing officers and people in plainclothes beating and violently arresting protesters.
As the military-owned Myawaddy Bank suspends operations following a run on withdrawals, government retirees worry their next pension payments from state-owned Myanma Economic Bank won’t come.