Naypyidaw: Myanmar's central bank recently ordered businesses and private borrowers to suspend repayments of foreign loans in a fresh effort to protect the country's dwindling foreign exchange reserves. 

The junta-ruled country of Myanmar is sinking like an island nation with escalating violence and a persistent economic slowdown, while Sri Lanka faces a political crisis triggered by an economic crisis. The currency was selling at $2,400 a dollar during pro-democracy demonstrations scattered across Myanmar to mark the 75th anniversary of the death of the country's independence hero and father of the country's ousted leader Aung San Suu Kyi. 

Despite the country's central bank setting a July 18 deadline for all businesses to convert their foreign holdings into funds with 35 per cent foreign investment. According to a report by the Global New Light of Myanmar, companies breaking the rules will face unspecified consequences. To ease the pressure on Kayat to include more businesses, the rule was created.

On February 1, 2021, the day before the coup, the exchange rate of the kyat to the US dollar was 1,340. With the kayat falling in value, food and fuel prices in Myanmar have skyrocketed, and analysts worry it could worsen the country's crisis.

According to the Liberal Democratic National League for Democracy of Myanmar, 48 NLD leaders have been killed and more than 900 party MPs have been detained. At a press conference, a representative of the NLD's Human Rights Record Group, Kyaw Hatwe, said that eight party leaders had died in prison and 11 died while in custody.

Despite spending 95% of its budget, Myanmar's opposition National Unity Government, which views itself as the country's legitimate government, claimed it was unable to meet the firearms requirement for its armed wing and It requires at least $10 million per month. Fund the resistance movement. According to people with knowledge of the situation, the armed wing of the NUG has 259 township-based battalions, each with 80,000 to 100,000 members. According to NUG, most of the guerrilla forces are in contact with them.

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