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 exchange rate at 1,778 kyats.
As of Sept. 28 last year, the U.S. dollar had appreciated against the Myanmar kyat with over 3,000 kyats per dollar in the black market recorded as the highest rate in history.
The CBM has sold a total of 80 million dollars at an auction market within two months this year to control market instability.
According to the CBM's figures, 443.8 million dollars was also sold last year.
As of Feb. 17, the foreign exchange rates were at 2,021 kyats per Euro, 1,322 kyats for the Singapore dollar, 1,544 kyats for the Japanese Yen, 424 kyats for the Malaysian ringgit, 280 kyats for the Chinese Yuan and 55 kyats for the Thai Baht, the CBM's data showed. ■