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According to reports, drug prices in major cities in Myanmar, including Yangon and Mandalay, have been rising recently, with some medicines reportedly in short supply [1][2][3]. The increasing prices of imported medicines are attributed to the rising dollar exchange rate and stringent import-export processes imposed by the military regime at ports [1][2][3]. The regime has mandated that pharmaceutical importers will only receive an import license if they purchase US dollars at the official rate, which has exacerbated the rise in drug prices and the decline in stock levels [1][2][3].
The shortage of medicines is particularly acute for chronic diseases like high blood pressure, coronary heart disease, and diabetes, as well as antibiotics for lung problems [1][2][3]. Medicines that need to be taken regularly for a long term are the ones in short supply, as the suppliers and shops do not have them in stock [1][2][3]. This has created a perilous situation for patients who rely on these essential medications [2].
The economic mismanagement by the military regime, including the declining value of the kyat and the import restrictions, has made vital medicines more expensive and in some cases hard to buy [2][3]. Consumers have expressed concerns about the volatile market and have called for authorities to take action to control the surging drug prices [3].
Citations:
[1] https://eng.mizzima.com/2024/06/24/11112
[2] https://www.frontiermyanmar.net/en/without-a-remedy-junta-policies-spark-medicine-shortage/
[3] https://www.gnlm.com.mm/kyat-depreciation-bites-pharma-industry-worsens-drug-prices/
[4] https://asia.nikkei.com/Spotlight/Special-Reports/From-India-to-Australia-Myanmar-is-flooding-Asia-with-cheap-meth
[5] https://ocindex.net/country/myanmar
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