Burmese kyat

1 EUR = 1354.3 MMK 10,000 MMK = 7.3841 EUR

1 CHF = 1106.9 MMK 10,000 MMK = 9.0344 CHF

The kyat [ tʃʌt ] ( Burmese ) is the currency of Myanmar. There are coins of 1, 5, 10, 25, 50 and 100 Pya and banknotes to 50 Pya and 1, 5, 10, 15, 20, 45, 50, 90, 100, 200, 500, 1000, 5000 and 10000 kyat.

The unusual values ​​of 90 and 45 kyat in 1987 to 75, 35 and 25 kyat reissued after overnight devaluation which is also unusual note values. The denominations of 90 and 45, both numbers that are divisible by 9, were the result of superstition of the former dictator General Ne Win, who looked at the number nine as his personal lucky number.

The banknotes of 500, 100, 50 and 20 kyat and 50 - Pya -Note were first put into circulation on 27 March 1994. The 27th of March is the day of the armed forces.

By 1964 there were already 50 and 100 kyat banknotes, which had also been devalued by General Ne Win without a right to exchange. In 1985, the then outstanding 100 - kyat notes were withdrawn from circulation again.

On 1 October 2004 the government announced the issuance of new notes to 1000, 500 and 200 kyat known. In appearance they correspond to already circulating notes, but they are equipped with 15 × 7 cm smaller than the previous.

The kyat is the official currency since 1 July 1952, when the Union Bank of Burma succeeded the Burma Currency Board. Earlier, the Indian rupee was ( 1886-1939 ) means of payment, on April 1, 1937 Burma began with the issue of Burmese rupee, first in monetary union with India.

The specified in the box exchange rate is the official rate. With an extensive black market was looking for the military government by a mandatory exchange for foreign tourists encounter. For this one received when entering Foreign Exchange Certificates (FEC ), which were denominated in U.S. dollars. The minimum conversion amounted to U.S. $ 200, a redemption of unused FECs was not possible. In August 2003 a mandatory exchange was abolished and effectively so that the existence of the FEC. The actual rate of the kyat used in the country was about 1200 Kyat / EUR in November 2005. After the military had given the increase in the salaries of civil servants to five times known to the course early April 2006 rose to more than 1500 Kyat / EUR. In September 2006 in the former capital Yangon, a black market exchange rate of 1630 kyat / EUR and 1330 kyat / U.S. dollar was common. In other - especially the tourist - although parts of the country there is also a black market, the price is somewhat lower.

The import and export of the Kyat is prohibited.

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