Tuesday, July 8, 2008

Junta Profits from Growing Gap in Value of Cash and FECs

The growing gap between the value of the US dollar and Burmese foreign exchange certificates (FECs)—introduced in 1994 to ensure that most hard currency that enters the country ends up in government hands—is turning Cyclone Nargis relief efforts into a major cash cow for Burma’s ruling junta.

--Read More: here

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