YANGON  - Myanmar on Wednesday announced the abolition of its US dollar proxy currency, in the latest step towards economic normalisation as the impoverished former pariah opens to the world.More than $30 million worth of Foreign Exchange Certificates (FEC) will be phased out of existence, ...

Myanmar abolished press censorship on Monday, the latest in a series of dramatic economic and political reforms by the quasi-civilian regime and one that carries risks for its ability to manage change.The government's announcement marks a U-turn from the oppressive policies of the military that ran ...