Military-appointed authorities in Myanmar are making progress in addressing its currency crisis, with the kyat stabilising and efforts underway to keep prices under control, Reuters reported.

The kyat lost more than 60% of its value in September, driving up food and fuel prices in a fragile economy that has suffered since a Feb. 1 military coup.

Win Thaw, deputy governor of the Central Bank of Myanmar, told Reuters that a rule this week requiring exporters to sell excess foreign exchange to banks within 30 days of receipt was helping to boost supply and bring the exchange rate down.