Us Dollar Change MyanmarUsd Dollar Change Myanmar
Preferred Currencies Kiev or United States - Myanmar Forum
Myanmar's Kyoto (pronounced "chat") is the country's legal language, known as " K " or " MMK ", and is usually placed before the numeric value (i.e. K500). However, the US dollar is a common alternate payment method, especially for large purchases: foreign nationals are sometimes required to use the dollar to pay for hotel accommodation, top class dining, air travel and historic attractions.
Sometimes a lower installment can occur if payments for these operations are made in Kyoto. If you pay in dollar, change is often given in Kie. 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 change enough cash in advance; it can be hard to change 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. dollar notes 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. Neither can dollar notes before 2006 or those with the characters AB and HB at the beginning of the series number ( "AB" in the upper lefthand part of the note) be used.
Euro are generally acceptable as barter currencies and do not have to be in perfect working order. Therefore, it is a good idea to keep the US dollar in a secure, shallow file - not in a pocket. 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 change currency 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 change 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/state-of-the art foreign rate. Road change should be obviated as they are likely to cheat you. Not surprisingly, the foreign exchange rates are volatile; see our Currencies page 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 nation - 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. Other banks are AGDB, AYA and United Amara Banks. You can make more than one withdrawal per trading days, according to the terms and requirements of your own home banking.
Use of Myanmar's cash machines is sometimes limited by an outage of the web. 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.