The YGEA’s statement emphasizes that unnecessary manipulations and delivering rumours in the market should be avoided since disinformation leads high commodity prices.
Not only to control speculations in the commodity market, the YGEA also stated that gold trading that intends to high up the domestic gold price must not be done.
The Chairman of the YGEA, Myo Myint, said that “We (YRGEA) can do request not to manipulate in the market. In fact, the departmental authorities have to take actions against those manipulations immediately to prevent instability in the market.”
The CBM announced yesterday on 23rd July that twenty thousand kyats banknotes will be issued in the honour of finishing construction of Mara Vijaya Buddha Image in Naypyidaw and second years birthday of Rahta Nandaka baby white elephant.
The issuance of the twenty thousand kyats banknotes will only be in limited amounts since the twenty thousand kyats note will be exchanged and replaced with old and torn notes at the banks.