12.May.2008 Remittance from Singapore

The best exchange rate available today is:
1 SGD = Ks 842

Due to huge amounts of money being transferred, the Burmese Kyat is appreciating against the Singapore dollar. The lowest rate offered today is 825 Kyats for every Singapore dollar.

In order to make an even number of Ks 1,600,000, Cyclone Aid will top up the difference of SGD 46.00.

Total Remittance: SGD 1900 (Ks 16 Lakh)

Tentatively, the money will be distributed by region:
Laputta: Ks 5,000,000 (NLS's team)
Bogalay: Ks 5,000,000 (SYA's team)

Reserve: Ks 6,000,000 (for KunChanKone)

This amount will be adjusted accordingly when we get feedback from the teams.

The Yangon coordinators should be able to collect them within 1-2 days.