According to Myanmar's businessmen, Myanmar's domestic market continues to increase due to the increase in purchasing power. On January 27, 2024, **1A** reached 3,870,000 kyats, and on January 29, it was still 1 A 3,870,000 kyats.
At the time, although the Yangon Provincial Chamber of Commerce issued a warning that the transaction should be cautious and restrained, and the transaction needs to be cleared in two ways, the trend of gold prices is still stopped.
On January 1, 2024, Myanmar***1 was more than 3.7 million kyats, but by January 27, 1 was nearly 200,000 kyats.
1 **businessman said that the US dollar exchange rate **, the international gold price also rose, so ***
It is said that with the suspension of trading in some gold shops, UAB Bank has also suspended trading.
The owner of a gold shop in Yangon said that now because of the panic in the war, many people are reluctant to hold the kyat, so in order to avoid risk, they turn to buying ** and US dollars, and the demand has increased.
The international gold price was US$2,018 per ounce on January 27, and the US dollar exchange rate was 1 to 3,530 kyats in the domestic and foreign markets of Myanmar.
On January 27, the Yangon Provincial ** Chamber of Commerce Association released the market price of Yangon** as 1 A 3,631,300 kyats. On January 29, it was 3,645,700 kyats for 1 Jia.