Myanmar Country CurrencyBurma Country Currency
Preferred currency Cyat or u. s. - Myanmar Forum
Myanmar's currency is Kyoto (pronounced "chat"), which is the currency of Myanmar, or " K " or " MMK ", and is usually placed before the numeric value (i.e. K500). However, the US currency is a widely used currency, especially for large purchases: sometimes expatriates are required to use US-Dollars for their hotels, top class dining, air travel and historic sightseeing.
Sometimes a lower installment can occur if payments for these operations are made in Kyoto. If you pay in dollar, you will often receive your replacement in Kyoto. Be prepared to convert about half of the funds you take to Myanmar to Kiej. When you spend more than a few nights outside Yangon, Mandalay or Nay Pyi Taw, make sure you make sure you have enough cash in advance; it can be hard to make changes outside the capitals, and you will probably get a lower price.
It is also more diffi cult to find cash machines in these areas. U.S. dollars that are being shipped to Myanmar must be in excellent conditions. Dollars should be taken to Myanmar in different denominations: Take ample $10, $5 and $1 notes to cover hotel, flight and historic places and take $100 or $50 notes to exchange for Kyoto (larger denominations usually get a better price).
Mistakes of any kind - kinks, stains, wrinkles, etc. - can lead to a much poorer currency quote or the currency cannot be used. Euro are generally acceptable as currency of trade and do not have to be in perfect state. You can change cash at the bank in the city centers and at most large airport locations, which include Yangon, Mandalay, Nay Pyi Taw, Bagan and Thandwe (for Ngapali Beach).
You can also visit the beloved and centrally located Bogyoke Aung San Markets (Scott Market) in Yangon if you want to switch currencies at the weekends - here you will find many currency exchanges (these usually close at 3.30 to 4.00 pm). Up until the recent reform of Myanmar's governance, it was necessary for Myanmar residents to switch funds on the subprime markets in order to obtain an appropriate currency parity.
That is no longer the case; you can now get a good bank currency quote and get your currency exchanged officially. Road change should be obviated as they are likely to cheat you. Not surprisingly, the currency fluctuates; see our currency wizard at the bottom of this page.
Whereas once they had to provide the necessary money to travel to Myanmar, today there are over 600 ATM' that accepts global debit and credit card transactions throughout the country - although most of them are based in Yangon, Mandalay, Nay Pyi Taw, Bagan and Inle Lake.
Card holders can also cash in cash machines and use their credit card at a rising number of large points of sale such as banks, shops and retail stores. At present, only Visa, Mastercard (Maestro/Cirrus), China's Union Pay and Japan's JCB can be used; the largest suppliers of compliant cash dispensers are CB (Co-operative) Bank and KBZ (Kanbawza) Bank.
The AGD and the AYA and United Amara are the other two. You can make more than one withdrawal per trading days, according to the terms and requirements of your own home savings account. Use of ATMs in Myanmar is sometimes limited by an outage of the web. Currently there are no multinational financial institutions in Myanmar, and municipal financial institutions are in the midst of becoming part of the multinational financial system.
The KBZ Bank has a nationwide ATM system that accepts Visa, Mastercard, Union Pay and JCB. Sites in Yangon are Yangon International Airports, Bank Street (downtown), Junction Square and Taw Win Centre malls and many City Mart malls. KBZ has cash machines in all large towns and touristic places outside Yangon.
We also have ATM machines that accepts Visa, Mastercard, Union Pay and JCB in the main centers throughout Myanmar, with many in Yangon. This includes Yangon International Airports ATM machines and large retailers such as Junction Square, Junction Centre, Taw Win Centre, Yankin Centre and Bogyoke Market. In Yangon Hostels with Visa Acceptance ATM' CBs are Chatrium, Inya Lake, and Governor's Residence.