Myanmar losing billions to jade black market. china's jade obsession fuels multi-billion dollar black market, as officials linked to smuggling trade.. In myanmar, which until recently, had no atms and a ridiculously low official exchange rate, black market money changers in yangon were the only option.. Banks in myanmar bought hundreds of millions of dollars in the black market this year, banking sources said, in a resurgence of an unregulated trade that flourished.
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