Money matters

Exchange rates are dropping steadily. Agents in Peninsula plaza were selling Singapore dollars at SGD 820 (down from Monday's 825).

This is causing us some concern, and we will send the remaining funds to Yangon today at a rate of 1 SGD = Ks 835. It will be done at 10am GMT +6.5.

We are also concerned about the rising price of commodities in Yangon. While we managed to get a discounted rate (over 30%) for our first purchase of 30 sacks of rice, we might not be able to do so in the future.

We are asking help from a factory owner to sponsor storage space. If it works out, we will try to buy food stocks in advance before the prices shoot up even more.

Two donors in Yangon have also pledged to donate 3 sacks of rice for our next project. We will put up a new list to acknowledge our sponsors.