Mizzima

Myanmar's currency has been depreciating since the Feb. 1 coup, considerably increasing the prices of imported goods, Nikkei Asia reported.

The value of the kyat against the U.S. dollar dropped 14% in the two months following the coup. While the price of gasoline jumped more than 20%, imported foodstuffs are also becoming expensive, leading to more strains on consumers.

A money exchange in Yangon posted a rate of 1,600 kyat to the dollar for buyers of the U.S. currency on Friday. Under Myanmar's managed floating rate system, which keeps the kyat's rate within a set range, the reference rate set by the country's central bank was 1,330 kyat to the dollar on Feb. 1.