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 ?
In April 2012, the CBM abolished the official pegging of the Myanmar kyat to the SDR, and introduced a managed floating exchange system (IMF 2013b).
dollar to Myanmar kyat exchange rate to use for tax purposes.
On the other hand, private banks have received approval to run money changers for official trading of three foreign currencies including US dollar, Singapore dollar and euro with Myanmar Kyat at daily designated exchange rate.
Ooredoo Myanmar has donated 10mn Myanmar kyat (MMK) to the Kayin State Disaster Management Committee for flood disaster rehabilitation to assist 80 villages from five townships in Kayin State affected by recent heavy rains.

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