Myanmar To Adopt International Gold Standard For The First Time With Plans To Relax Export Restrictions

In another step toward joining the international community, the previously isolated nation of Myanmar is adopting the international measurement standards to issue gold bars for the first time, further opening the Burmese gold market to the outside world. This means Myanmar will start selling gold with 99.99 percent purity in the international unit of gram, instead of the Myanmar currency kyat, and international gold extracting and purifying standards will be adopted as well, the country announce...