Burma’s currency has plunged more than 7 percent over the past month to the lowest since it was floated last year, raising concern about economic stability in Asia’s newest democracy.

The drop coincides with a construction boom in Burma’s commercial capital, Rangoon, which is fuelling demand for dollars as builders import equipment and materials, part of a scramble by investors to tap one of the world’s last frontier markets after an easing of sanctions by Western countries.

FULL STORY: http://www.irrawaddy.org/archives/35439