Businesses have criticized the central bank under the coup d'état for unnecessarily controlling the value of the dollar.

The Central Bank of the Union of Myanmar (CBM) issued a statement on September 3 stating that exporters should sell their remaining balance to their respective foreign exchange banks within four months of entering the bank account.

Since then, the value of the dollar has risen to a record high of more than 1,800 kyats.

Businesses say rising dollar prices have pushed up commodity prices and slowed business operations.

"The main thing is that we can control the value of the dollar, so we can not produce as much as we want," he said. On the other hand, what has happened is that the business is slowing down, ”said one businessman.

In addition, the depreciation of the Myanmar currency has led to a rise in the value of the dollar due to the increase in the number of buyers, and the rise in the value of the dollar due to a large number of dollar holders and the fact that some businesses do not have dollars when they need to pay in dollars.

Businesses say the rise in the value of the dollar has led to the problem of overpriced commodity prices and the high cost of running raw materials to run a long-term business.

"Businesses are now able to do just a little bit of work because of the current price hike and now some factories have reduced their operations by half because some of the factories are no longer suitable for resale," he said. Workers who depend on businesses have been halved, ”said a businessman.

The current dollar exchange rate was around 1,300 kyats before the military coup, and has risen to a record high of more than 1,800 kyats in the seven months since the coup.