The lack of a developed financial market has the flipside of making it difficult for the central bank to inject or withdraw kyat liquidity or to intervene in the dollar market as a way of combatting any sharp moves in the exchange rate, as most of it occurs with back-alley money changers.

WSJ: Myanmar Announces Currency Reform

After hours trying, the only way your correspondent could exchange money was with a group of young toughs in a grimy alley in a run-down corner of the city.

ECONOMIST: Gloom in Mugabeland