Falling kyat, rising food prices add to Myanmar's troubles

Fast-depreciating currency strains people already struggling to afford food, daily goods

In Yangon's working class township of Hlaing Tharyar, Ms New Ni's husband used to support his family of three by ferrying passengers on his motorcycle. He had to stop this month because spiralling fuel costs made it too expensive to run his taxi service. Plus, nobody wants rides any more.

The 32-year-old housewife told The Straits Times: "People don't take the motorcycle any more. They walk to the market, or they walk from the bus stop to their home."

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A version of this article appeared in the print edition of The Straits Times on October 14, 2021, with the headline 'Falling kyat, rising food prices add to Myanmar's troubles'. Subscribe