According to the Myanmar military, the chief ministers and legislators of Myanmar's provinces and states who were detained before will be released on February 2, that is, today, but all the released people will be required to stay at home.
What is the basic situation in Myanmar after the incident? What are the impacts on people's lives? The reporter reported online in Yangon, Myanmar.
After entering the state of emergency on February 1, several cities in Myanmar experienced temporary communication interruption, and communication gradually resumed at noon yesterday. Today, the Bank of Myanmar and the Stock Exchange resumed operations after a brief suspension. The exchange rate of Myanmar dollar against US dollar, euro, RMB and other major currencies, and the gold price in Myanmar have not fluctuated significantly. From the perspective of exchange rate, the economic situation of Myanmar has not been greatly affected.
The stock exchange in Myanmar is just in its infancy. There are only six listed stocks, and it is in the early stage of matchmaking. As of the reporter's connection time, there is no opening price. As Myanmar's stock exchange is relatively small, it has little impact on economic fundamentals.
At the same time, Myanmar's stock exchange has just begun to allow foreigners to participate in trading. At present, changes in the political situation will have a certain impact on foreigners entering Myanmar's stock market. Many banks in Myanmar have also made a lot of preparations and have a large amount of cash reserves. At present, there is no need to worry about the cash shortage.
In addition, the interruption of communication in several cities has also caused some panic in Myanmar society. Many citizens purchase living materials, but in fact, Myanmar has sufficient reserves of living necessities, and the phenomenon of panic buying has disappeared. For Myanmar's economy, garment processing industry, import and export are relatively important industries, and the impact of political changes on these industries will be apparent after a period of time.