Previously in April, the Military Council ordered foreign currency accounts of foreign and Myanmar joint venture companies to be exchanged at 1,850 kyats per dollar which is lower than the current foreign exchange rate. Again, on this month (July 13), the central Bank under the Military Council instructed local banks to suspend the repayment of foreign loans. These changes triggered the gold and dollar market into turmoil, heading the dollar rate over 2,200 kyat per dollar as of July 18. Now the gas and oil prices soar high dramatically and other goods follow. Since the coup, many businesses were shut down that the unemployment rate is at an all time high leaving many families without food and savings.
All the believers were together and had everything in common. They sold property and possessions to give to anyone who had need. – Acts 2:44-45 (NIV)
Prayer Requests
- Pray for the stability to return to the land.
- Pray for God’s provisions for the hungry people in Myanmar.
- Pray that Myanmar families will turn into righteous means to survive and not the wicked ones.
- Pray that God will open the hearts of people to share food and help each other during this difficult time as the early church did.
