8 June 2024
The current gold and currency prices are impossible prices, as the deliberate attack from all sides to bring down the country’s economy, it is important to stabilize the price of silver, State Administration CouncilChairman Senior General Min Aung Hlaing said at the State Administration Council meeting held yesterday (3/2024).
Last April, it was seen that the gold price and currency prices were changing wildly, and the price speculators were even acting to distort the value of the currency. Therefore, the necessary inspections were carried out, the prices of gold and currency has gradually decreased to what it should be, said the SAC Chairman.
In the past, we have experienced actions to economic sanctions, collapse banking systems, and distort the value of the currency, despite such difficulties and crises, the country’s economy has been able to recover to a certain extent. Similarly, regarding the purchase of real estate, it has been found that real estate purchases are being made in foreign countries with illegally obtained money, so verification is being carried out in accordance with the necessary rules and regulations, said the SAC Chairman.
In addition, the global gold price fell to $2,313 per ounce as China announced that the central bank would stop replenishing its gold reserves, which immediately dropped by more than $60 per ounce today, it is reported.
