{"id":36,"date":"2022-09-02T03:41:04","date_gmt":"2022-09-02T03:41:04","guid":{"rendered":"https:\/\/www.mtnewstoday.com\/?p=36"},"modified":"2022-09-08T07:17:36","modified_gmt":"2022-09-08T07:17:36","slug":"seizure-of-black-marketers-in-yangon-leads-to-drop-in-fuel-dollar-and-gold-prices","status":"publish","type":"post","link":"https:\/\/www.mtnewstoday.com\/en\/?p=36","title":{"rendered":"Seizure of black marketers in Yangon leads to drop in fuel, dollar and gold prices"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"900\" height=\"560\" src=\"https:\/\/www.mtnewstoday.com\/wp-content\/uploads\/2022\/09\/8-15.jpg\" alt=\"\" class=\"wp-image-38\" srcset=\"https:\/\/www.mtnewstoday.com\/en\/wp-content\/uploads\/2022\/09\/8-15.jpg 900w, https:\/\/www.mtnewstoday.com\/en\/wp-content\/uploads\/2022\/09\/8-15-300x187.jpg 300w, https:\/\/www.mtnewstoday.com\/en\/wp-content\/uploads\/2022\/09\/8-15-768x478.jpg 768w, https:\/\/www.mtnewstoday.com\/en\/wp-content\/uploads\/2022\/09\/8-15-400x250.jpg 400w\" sizes=\"auto, (max-width: 900px) 100vw, 900px\" \/><\/figure>\n\n\n\n<p>1 September 2022<br>@MT_News<\/p>\n\n\n\n<p class=\"has-text-align-left\">Black marketers monopolizing the foreign exchange market in Yangon are now evading arrest, while skyrocketing fuel, dollar and gold prices have started to fall on 1 September.<br>A forex market analyst said: \u201cThose black marketers are still at large.\u201d<br>Per dollar price in the forex market fell to Ks-3,500 on 1 September after it reached Ks-4,300 the day before, according to the forex market.<br>Although the black marketers in Yangon have not been apprehended, those in Myawaddy are under arrest, it is learnt.<br>As a result of this campaign, Thai Baht has dropped slightly, according to a Myawaddy-Mandalay trader.<br>Under the decision of the Foreign Currency Supervisory Committee, the Central Bank of Myanmar released that over US$- 200 million will be contributed via forex market to alleviate the rising commodity prices caused by high fuel price. This led to a continuous drop in fuel and gold prices.<br>The fuel prices have declined by Ks-200 per liter while the opening price for one tical of pure gold is about Ks-3,200,000 on 1 September. The selling price of pure gold is Ks-3,000,000 and buying prices, Ks-2,800,000 in the market on 1 September.<br>A gold shop owner said: \u201cNow the gold price has decreased from Ks-3,800,000 to Ks-3,000,000 per tical, dropping by Ks-800,000. The gold price is still dropping but the future is still uncertain.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>1 September 2022@MT_News Black marketers monopolizing the foreign exchange market in Yangon are now evading arrest, while skyrocketing<\/p>\n","protected":false},"author":1,"featured_media":63,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-36","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-english-version"],"_links":{"self":[{"href":"https:\/\/www.mtnewstoday.com\/en\/index.php?rest_route=\/wp\/v2\/posts\/36","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mtnewstoday.com\/en\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mtnewstoday.com\/en\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mtnewstoday.com\/en\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mtnewstoday.com\/en\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=36"}],"version-history":[{"count":1,"href":"https:\/\/www.mtnewstoday.com\/en\/index.php?rest_route=\/wp\/v2\/posts\/36\/revisions"}],"predecessor-version":[{"id":40,"href":"https:\/\/www.mtnewstoday.com\/en\/index.php?rest_route=\/wp\/v2\/posts\/36\/revisions\/40"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mtnewstoday.com\/en\/index.php?rest_route=\/wp\/v2\/media\/63"}],"wp:attachment":[{"href":"https:\/\/www.mtnewstoday.com\/en\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mtnewstoday.com\/en\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mtnewstoday.com\/en\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}