Chinese Yuan Expansion Fuels Price Hikes in Northern Shan’s Hsenwi

Residents of Hsenwi Township in northern Shan State say they are struggling with soaring commodity prices as the Chinese Yuan increasingly replaces the Myanmar Kyat in daily trade and business transactions. Hsenwi, currently under the control of the Myanmar National Democratic Alliance Army (MNDAA), has seen a growing influx of Chinese investors since the armed […] The post Chinese Yuan Expansion Fuels Price Hikes in Northern Shan’s Hsenwi appeared first on Shan Herald Agency for News.