Myanmar (Burmese) state media on September 24 announced the distribution of new currency notes from the central bank of Myanmar. The new notes are in 5000 kyat denomination, and will be started distribution on first October. The new note will be the same size as other notes currently in use in Myanmar. Currently, the...
Myanmar currency is based on kyat and pya. The basic unit is kyat, with one kyat divided into 100 pyas. There are a number of different Myanmar currency notes and coins circulating in Myanmar. Myanmar kyat currency notes currently in used are one kyat, five kyat, ten kyat, 20 kyat, 50 kyat, 100 kyat,...
In a secretly circulated document, Myanmar’s Central Bank in Naypyitaw has acknowledged that fake 500 kyat currency notes were circulating in the market and it has sent an eight-point guideline to all financial institutes to check for fake notes. The document, a copy of which is in Mizzima’ possession, said a study in the...
If you look in the currency exchange rate websites on the internet, you will see the official currency exchange rate for Myanmar kyat at about 6.50 kyats per 1 US dollar. However, if you really try to buy US dollar at this rate, you will not be able to buy anywhere. Try to buy...
Last two days saw the sudden rise in the value of Myanmar kyat against other currencies in the black market. Until 20 January, the selling rate (rate they sell from the money exchangers) of US dollar in the black market of Rangoon was 1190 kyats per 1 US$. Yesterday, it suddenly dropped to 1100...
Starts from this week, we will be updating the latest US dollars exchange rate in the black market of Yangon. We will be providing our visitors with exchange rate between US dollars and Myanmar kyats as well as FEC and Myanmar Kyats. The rate will be updated weekly, unless there is a sharp fulctuation...
If you are visiting Myanmar (Burma) , you will find yourself trying to find a money exchange to change your foreign currency into Myanmar kyat. Although US dollar is universally accepted, small vendors will be reluctant to accept US dollars because of difficulty in exchanging into kyat. So you invariably have to change some...
