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Myanmar kyat still weakens against USD in black market

YANGON, Feb. 18 (Xinhua) — The Myanmar kyat has been depreciating against the U.S. dollar with an exchange rate of over 1,900 kyats per dollar in the local black market in recent days, state-run newspaper Global New Light of Myanmar reported on Friday.

The exchange rate was between 1,982-1,990 kyats per dollar on Feb. 16 in the local market although the Central Bank of Myanmar (CBM) has set the reference exchan