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The reform of the Kyat, Myanmar's currency, is considered a pretty big step in opening up the country to foreign investment. And this man right here, president Thein Sein, has steered his country out of decades of isolation and onto the fast lane of reforms since he took power just last year.
緬甸貨幣，緬元的改革被認為朝著面向外資開放本國市場，邁出了極大的一步。并且，自他去年掌權開始，吳登盛總統打破了長久的閉關鎖國并將國家帶向了改革的快車道。
Now, it's generally accepted that one US dollar will get you about 800 Kyat, come April 1st, this may weaken to about 820 Kyat. But right now 800 Kyat to the dollar is not actually the official government rate. This straight line that you can see here is the epitome of government control, the official rate is one dollar to 6.41 Kyat and it's held this rate, as you can see, for the past 10 years. Interestingly, the government itself drafts its own budget using the unofficial and a much weaker rate of 800 Kyat to the dollar.
目前，大家普遍認為，自4月1日，一美元將兌換大約800緬元，而且緬元可以還將繼續疲弱至一美元可兌換820左右緬元。但是這800緬元兌一美元卻不是官方的實際匯率。從這種單一匯率情況，你能看出政府控制的縮影，官方匯率是一美元兌換6.41緬元，并且政府將這一匯率控制了整整10年。有趣的是，政府自己在計算預算時用的是非官方的1美元兌換800緬元的疲軟匯率。
Now what does currency reform mean for foreign investors, in particular, well, for one, exporters who was forced to use the official rate. Well it will make it much cheaper for them to do business in Myanmar. The official rate, as it turns out, is 120 times stronger than the unofficial one. So foreign exporters get to use the weaker rate, that could boost their profits pretty tremendously.
那么現在的貨幣改革對于外國投資者而言，特別是對于，那些被強制采納政府官方匯率的出口商，意味著什么呢？當然，這一貨幣改革使這些出口商在緬甸的業務成本大大降低。官方匯率，大家可以看到，可是比非官方匯率強硬120倍呢。因此習慣了疲弱匯率的外國出口商，利潤將會極大地提高。
Also, specifically, Myanmar's textile industry could gain from a weaker currency, but if more foreign companies dive in, that could also drive the value of the Kyat stronger, that could actually backfire, making prices too expensive and Myanmar's textiles less competitive.
而且，特別是，緬甸的紡織業將會從疲弱的貨幣獲益，但是隨著更多的外國公司擠入緬甸市場，這又將會驅動緬元價值更加強硬，這會產生是切實的反效果：使價格過高，而使緬甸的紡織業缺少競爭力。
Interestingly, in Myanmar, it is used to be that the visitors were forced to change money at the government rate immediately upon arriving in the country, but to get a better rate they would then have to go the capital's back alleys to change money. As April 1st, the value of the Kyat should be about the same from those back alleys and to the world market.
有趣的是，過去到緬甸的游客一經抵達該國，會被強制以政府官方匯率兌換緬元，不過為了得到更高的匯率，這些游客那時會不得不去首都的隱蔽小巷中進行私下兌換。從4月1日起，緬元的價格將依據世界市場價格，與這些在小巷里的交易價格相同。
