Info

Local currency is 'Kyat' and there are TWO exchange rates like no other countries. So, there are an official rate and the market rates. The office rate is 1 USD equal to about 6 Kyats whilst the actual market rate is 1000 Kyat for 1 USD. Remember the market rate is the most common rate unless you are doing trade with the government.

Notes are issued in 50k, 100k, 200k, 500k, 1000k and 5000k. Although officially there are smaller notes and coins, there are not in circulation anymore.

Previously, foreigners are required to exchange at least $200 on arrival but these restrictions are now lifted.

US Dollars the most widely accepted foreign currency in Myanmar altough some business are starting to accept Euro in recent years.

Note:

There are no ATM or Banks that can cash in from your traveller cheque or cash cards in Myanmar. So, it is important that you take enough cash (preferably in USD) to cover all your expenses before you enter the country.

Although you are advised to bring enough cash, it is better not to exchange them into local currency if you don't want to carry around a rucksack of money. Since most of the people are quiet aware of day-to-day exchange rates, you are likely to get a decent rate everywhere around the country.