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.
A page from a computer would cost 100 kyats," he says.
dollar) or kyat (pronounced chat), the local currency.
5 million kyats to local administrator Aung Thein, who later distributed the money to the victims' families.
Since its inception, the bank has grown steadily and customer deposits grew healthily to over Kyats 300 billion as of today, signifying increased confidence among the public in the bank.
The application required a photograph of the gallery that included the gallery's sign, two passport photos of the gallery owner, ten signatures from neighbours granting their permission for the gallery to operate nearby and a 40,000 kyats (US$36) application fee.
In order to avail this card, customers will have to prepay a minimum of 100,000 kyats, and the cards will be valid for a period of five years from the date issue.
The law requires each candidate to pay registration fees of 500,000 kyats (about $500), which the parties see as a big hurdle.
Following negotiations mediated by the commission, the family agreed to pay the abused girls a total sum of 5 million kyats ($4,000) as compensation for mistreating them.
With regard to the conversion of export earnings to kyats, private exporters were initially compelled to surrender 40 per cent of their export earnings at the official rate, and they were permitted to retain the balance (60 per cent) as foreign currency deposits (FCDs) at state banks.
Anyone who files fraudulent charges of vote cheating can be jailed for three years, fined 300,000 kyats ($300), or both, the commission said.
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.