Us Dollar to Myanmar KyatUsd Dollar to Myanmar Kyat
00 to MMK
They' ve turned 2500 dollars into MMK: 3 530 500.00 Myanmar Kyat's. We used the international exchange rate for this operation: Please use the currency conversion tool on the right to translate US dollars into other currency. When you want to know cash equivalent of 2500 US dollars in other currency, see "In other currencies".
You' ve turned 8$ into MMK: 11232 MMK. Do you want to reverse the currency? For more information, please see Myanmar Kyat (MMK) US Dollar (USD). You are here: US Dollar to Myanmar Kyat: Exchange Rates Today and Currency Converter. When you want to set a hyperlink to the page "US Dollar (USD) / Myanmar Kyat (MMK)", you can simply copy and past the HTML below into your page:
US$, Sin$ and Burmese Kyat's story of Zaw Aung
During 1990, an American dollar 30 Kyat, a Singapore dollar 45 Kyat, an avarage flat 300,000 Kyat, a Toyota Hilux pick-up 300,000 Kyat, the phone line with a mobile phone also 300,000 Kyat and a dish of Biriani (Dan-bouk) only 5 Kyat.
The year 2007, the year of the so-called saffron revolution, an American dollar was 1,350 Kyat, a Singapore dollar 900 Kyat, an ordinary flat 30 million Kyat, a Toyota Hilux pick-up 30 million Kyat, the phone line with a mobile part 2.5 million Kyat and a Biriani 800 Kyat flag.
Burma's 1999 GNP was only US$14 billion. However, gross domestic product has increased dramatically since the Yadana pipeline was built and Burma has begun to export its plentiful supplies of methane to neighbouring energy-hungry Thailand. Burma's GNP in 2010 amounted to US$77 billion and continued to rise.
FDI in Burma in 2011 amounts to US$20 billion, much higher than in Vietnam. This is very encouraging for Burma. What is particularly encouraging is that the new Myanmar administration has many reformist leaders and a few commercial allies. The ASSK and the opposing political groups are also constructive and co-operative with regard to the serious reform that President Thein Sein has pledged and is procrastination.
So far, there have been a number of beneficial enhancements, such as easing press constraints and effectively levying taxes on businesses, and it is surprising to note that Burma's Kyat has seen a serious appreciation against other major currency pairs over the past two years. The US dollar has fallen below 900 kyat in the last two years and has created many problems throughout the country.
The majority of Rangoon's newspapers even reported on the work of Dr. U Myint, the president's chief economic advisor and closest acquaintance with the ASSK on the question of appreciation of exchange-rates. Although the new government has tried to encourage FDI in various economic areas, most FDI in Burma is destined for certain industries such as physical ressources and labour-intensive production.
The Kyat was founded on July 1, 1952 with the basic interest rates of one Kyat and one Rupee. By then, a US dollar was 4. 7619 Kyat or Rupee. The following chart shows the US$ exchange rates for Burma's Kyat and Singapore dollar, along with the chronology of Burma's politics.
The most important occurrences in Burma (from the table above). 1972/ Start of the process of establishing the record on the illegal trade. 1982 - The nominal price is 5 Kyats per US dollar. Pescadillo, 1997 - Bank crises in Burma. Appointment of US Senator Jim Vebb to Burma in 2009. However, the Burma government's formal currency parity is still at a ludicrously low 6. 50 Kyats per US$ and even parliament has now discussed how Kyat can be reassessed formally and realist.
I have worked abroad for the last 20 years because I was really tired of our land having survived by having sold everything we have, both underground and above it. I also have to say that I don't know much about Burma's business. However, I am still heartened by the measures of the new government to increase the value of Kyat.
When we get back to Burma, the price of houses rises. Now, many Myanmar workers in Singapore are in serious trouble. It is no longer profitable or even economic for Myanmar citizens to work in Singapore due to barriers to renewal of their work permit, difficulty in obtaining new work permit, more costly homes and fewer Kyats for their Sin$ income.
Burma is almost unable for the government to bring Burma up to Singapore's levels of economy and wealth in a hurry. As a percentage of per head incomes, Singapore leads with other small but wealthy countries such as Norway and Qatar. In spite of its small dimensions, Singapore has twice as much GNP as Burma and Vietnam among the countries of Southeast Asia.
The growth in GNP means that taxes revenues are higher, as about 10% of GNP goes to the public purse. The government in Singapore is forcing every employee to cut 30% of his earnings (salary) as a CPF system (Compulsory Provident Fund). The state uses this cash to finance investments in the country's economies, and the apparent outcome is that Singapore is becoming increasingly rich over the years.
The Burmese now working abroad must return to Burma to pass Vietnam and then to Singapore and Malaysia. Myanmar still needs to build up domestic wealth or foreign exchange reserves, increase foreign direct investment and eradicate tax evasion and systemic corruption. When you look at the story of the US$ exchange rate, you will see that the major historical strengths lie in the Singapore, Japanese, German and Swiss currrent.
The American dollar is also very stronger than many other major economies. As a result of a powerful government in Burma, the incomes of working abroad are no longer taxed as they bring the much needed tough money to Burma. This reduces international personal incomes taxes from 10% to only 2%.
There is no other countries that ever tax the income of its foreign working people. However, we must welcome the esteem for our Burmese Kyat! Rising Kyats, Australian Miracle and New Burma Order!