AOL.com Video - Myanmar's Bold Currency Reforms

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Myanmar's Bold Currency Reforms

Description:For years Myanmar's economy has revolved around a black market. Now as the government starts to welcome western investors it's trying to play by their rules It's pushing ahead with economic reforms and launching a managed float of its currency. Sources say the new rate will be around 820 kyat per dollar - a long way from the official exchange rate of 6.4 kyat per dollar but much closer to the black market rate. (1:43)

Source: Reuters

Tags: Myanmar's Bold Currency Reforms , Burma economy , burma news , myanmar black market