Kyat

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Kyat

The currency of Burma (or Myanmar). It was introduced in 1953, replacing the Burmese rupee. The Burmese government has been known to follow unusual policies with regard to printing money. For example, it introduced 45 and 90 kyat banknotes in 1987 because they both incorporated a leading general's favorite number (nine). Also in 1987, the government demonetized the 25, 35 and 75 kyat banknotes without warning. This led to a general uprising because those notes composed three-fourths of the currency in circulation.
References in periodicals archive ?
The young Thilashin noticed that I was followng them taking photos, so she came to me with her empty cup, I gave her 1000 kyats, I did not have any smaller notes on me at the time.
The owner went inside for a budle of old 2-3 kyats bank notes and handed 3 kyats to each one of them.
A page from a computer would cost 100 kyats," he says.
dollar) or kyat (pronounced chat), the local currency.
The law requires each candidate to pay registration fees of 500,000 kyats (about $500), which the parties see as a big hurdle.
The election commission, backed by the ruling junta, has set a nonrefundable registration fee for each candidate of 500,000 kyats, or about $500, which is equivalent to about half the annual income of an average wage earner.
Citing a recent corruption incident at a trade checkpoint in northern Myanmar on the border with China, Shwe Mann said, ''We have taken action against responsible officials involved in corruption of thousands of millions of kyats.