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BKK Post (18-10-99)Rumours cause ky

Subject: BKK Post (18-10-99)Rumours cause kyat to plunge sharply

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<font face="Times New Roman, Times" size=5><b>Rumours cause kyat to
plunge sharply<br>
</font></b><font size=3>The Burmese currency, the kyat, has plunged
sharply in value after rumours Rangoon was abolishing banknotes of large
denomination.<br>
Burmese workers in the province frantically exchanged the kyat for baht,
depressing the Burmese currency's value from 11.50 baht last week to 9.50
baht per 100 kyat, said a private foreign exchange firm.<br>
Rumours circulated that 500 and 200 kyat banknotes would be
cancelled.<br>
Tak chamber of commerce, however, denied the rumour but conceded it added
uncertainty to the already volatile border situation.<br>
<br>
<br>
<br>
</font><font size=5><b>First Thai-Vietnamese joint naval patrol operation
begins today<br>
</font></b><font size=3>The first joint Thai-Vietnamese naval patrol
operation is to begin today, said navy chief Thira Haocharoen. Admiral
Thira said HMTS Taksin will leave Thailand today to join a patrol with
Vietnamese vessels covering 300 nautical miles. He also said two naval
ships had already been deployed to patrol waters near Burma.<br>
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