Myanmar Capital and CurrencyBurma Capital and Currency
Monetary Issue - Myanmar Forum
The exchange rates you receive vary depending on the dollar demomination. Smaller US invoices may be required for entry fees - 10 and 5. I' m guessing how much you have with you is dependent on what you have to cover, what is not paid for by the Agence. On the right side of this page under Top Q&A about Myanmar there is a posting with some very good information.
Now that there are ATM machines, I wanted to top up my Capital One bank/debit balance and draw cash when I needed it. I' ve been out of Myanmar for three months. I got a good reception for my crunchy $100 notes, but I had $20 and even $1 notes that were declined by some sellers overall.
It' better for 0 bucks than smaller ones.
myanmar ( "burma") - Myanmar Traveller Review
Myanmar is certainly a popular choice for experienced travelers in many ways. EURO, Simplified China currency, Japan currency, Japan currency, Australia dollar, Singapore dollar, British pound etc. Perhaps some well-established Yangon resorts can convert these currency at a very poor rates and in small quantities. With the exception of these exemptions, no one will be changing these currency.
But not like this in Myanmar: Virtually no formal bureaux de exchange exist, and currency exchanges are a shop that is overshadowed somewhere. A number of travellers would just pay relatively low prices at the hotel reception. However, most travellers would allow their tourist managers to alter a certain amount for them.
When you really take on the job of changing it yourself, then the first place to go is the Bogyoke Aung San Market in Yangon. As is well known, jewellers in particular have enough cash at their disposal to switch several hundred US dollar at once.
Inquire about the exchange course, usually anywhere around 1US Dollar = 1100 Kyats. And, unlike other goods, there is only a very small spread to bargain the cost, maybe plus/minus 10 Kyats at most. While you can also exchange Mandalay on the Zegyo market, you will most likely get slightly lower prices.
The conversion of US Dollar into the Kyats follows different rules: As an example, $100 bills get a better prize than the bills at $50 or $20, which means that with a $100 bill you get more kyats than with five $20 bills. It is convenient to trade the desired amount of Kyats for $100 bills while at the same time storing a few small bucks for payment at certain touristic places like the Shwedagon Pagoda or the Mandalay Puppet Theatre.
Because if you are paying particularly small sums with a 50 or 100 bill, no one can give you your US dollar exchange. Then there are other US dollar rules: - Take NEW notices! No one will tolerate relatively tattered and used banknotes, except with the statement that they will not be accepted by them.
- Do not write down anything beginning with the numbers'CB.....' and'CV....': In this way, those who are still involved in the trade are avoiding dollars that carry these numbers like the pestilence. The FEC had to issue foreign nationals as quickly as possible, and especially the Ministry of Hotel and Tourism just compelled it.
The Burmese, however, have never really embraced the FEC, and the informal concept of "Mickey Mouse Money" says a lot about the currency and the value of the government policy diary behind it.