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kyat |
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He reports that while the average monthly cost of living for a lower middle class Rangoon family is kyat (K) 20,000-30,000, civil servants earn from K3,600 (primary school teacher) to K15,000 (director general of a government office or university rector) a month, and private sector income ranges from K100-200 a day (unskilled labourers) to K10,000 a month (taxi drivers) to K30,000 a month (company managers). dollars, since the value of the kyat, Burma's currency, has fallen through the floor. Given that the official rate is 6 Kyat to US$1, and the unofficial market, or black market, rate is currently running at between 300 and 400 or more Kyat to US$1, foreign investors might have some cause for concern. |
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