Lonely Planet Myanmar 2016Solitary Planet Myanmar 2016
Costs and expenses in A Myint, Myanmar (Burma)
But don't go too far and remember that the additional K1000 could be much more valuable to the seller than you. Cash machines that accepts internationally accepted ATMs are being offered more and more in urban and touristic areas. Please take untouched US notes with you. Most useful of the city' s commercial banking institutions (open Monday to Friday from 9am to 5pm) are KBZ and CCB, both of which now offer and approve MasterCard and Visa card and have ATM machines where you can use K5000 card for a fee per payment.
Don't exchange cash with anyone on the streets. The central bank of Myanmar in July 2016 called on Myanmar's bankers and lenders to take on wrinkled and old US dollars notes. However, it is still advisable to issue "new" notes in Myanmar that were made in 2006 or later and are in excellent condition: no wrinkles, postmarks, spots, traces of ink or cracks.
Replacements that are in any way corrupted draw lower foreign currency prices or can still be refused. You' ll get the best rate of 100 dollars notes, but it's also a good way to get some small dollars - one, five and ten. In Yangon and other touristic centres, however, you will find an increasing number of payment cards that are acceptable in top quality hotel, restaurant and some stores.
Burma continues to be a predominantly cashless one. Local currencies, the Kyoto Protocol (pronounced'chat'), are denominated in the following banknotes: K50, K100, K200, K500, K1000, K5000 and K10.000. While the US Dollars are less of an alternate currencies than before, many pensions and hotel establishments still offer rates and accepts payments in dollars.
Review rates vary between the US Dollar (US$) and Kyoto (K), according to the local currencies in which the rates are used. The majority of daily necessities, such as food, coach fares, trips by train or cab, bottled drinks or beers, must be covered by the payment of the price of Kyat. If you pay in US dollar, please make sure you know the dollar and your cash/charge.
Native people have a tendency to discharge slightly tattered notes that work well in New York, but are probably of no value for the remainder of your journey in Myanmar. It was sworn by the Myanmar authorities to combat bribery, but it is a fact that it remains an integral part of Myanmar's economic system.
If you find that a small amount of "tea money" is needed to speed up certain types of service, use your senses and confidentiality when you are in such a state. It is the only single exchangeable and/or acceptable means of paying for goods and service. You can find the latest conversion rate at www.xe.com.
In Yangon and Mandalay, Bogyoke Aung San Market and Shwedagon Paya you will find public and privately owned bureaux de change. Do not surrender your funds until you have won the game. Trustworthy changemen are expecting you to do this. Coin changer give finished, rubberized piles of a hundred K1000s.
It is a good notion to test each single grade. A lot of travelers make most of their exchanges in Yangon and then take the piles of Kyoto through the state. Given the relatively high level of security against thievery, it is not a poor concept, but it is possible to swap funds elsewhere and the spread of cash machines makes such a policy more and more superfluous.
Tips are not common in Myanmar, although sometimes small additional gifts (even if not required) are required in return for a meal. Dining Since salaries are low, it is a good practice to give your changes to the waitress.