Us Money to MyanmarWe money to Myanmar
There is no problem in transferring money between Myanmar and the USA.
You can now transfer money to the United States by opening a settlement account with KBZ Bank. Enhanced commercial finance and simpler money transfer are anticipated as KBZ Bank Ltd. cooperates with Sumitomo Mitsui Banking Corporation (SMBC-NY). SMBC-NY clients can safe money and get a 24-hour money transfer services to SMBC-NY.
Previously, a bank wire was transferred from the billing account after 3 p.m. with a delay of one working hour. Now the KBZ has succeeded in reducing the number of bewildering measures and synchronising payments. "We are pleased to introduce the US dollar settlement account services, which can speed up the cash flows between Myanmar and the US.
KBZ may open a US dollar clearing account for the first Myanmar bank group", said Win Lwin, CEO of the KBZ's global bank group. "KBZ is trying to offer cutting-edge finance in Myanmar. Now, clients can easily and quickly make money transfer between Myanmar and the US," said Win Lwin.
Myanmar money counts
Below we've given you some predeparture monetary budgeting advice and some suggestions for taking money and tickets with you. Myanmar's offical money is the Kyat (pronounced'Chat'). It' fast moving in Myanmar.
That is why it is still important to have money in Myanmar. Myanmar's denomination is the Kyat (pronounced "chat"), but the US dollar is often used in day-to-day operations. Basically you should not exchange money at the airports, unless you have ordered in advance to ensure a cheap tariff. While US dollar denominated money is the most efficient way to get to Myanmar, there are some banks and banks that accept them.
The Travelex Cash Passport can be requested up to 24 hrs before take-off and then collected from a number of major international airport locations (including London Heathrow, Manchester, Liverpool, Leeds Bradford, East Midlands and Newcastle).
When traveling on a regular basis, it pays to request one of the special traveler-creditcards, which offers great foreign currencies and does not require a "load" fee when buying articles or withdraw the cash at an ATM abroad.