2023-12-23T22:55:04-08:00[America/Los_Angeles]
What currency is used in Myanmar?
The official currency used in Myanmar is the Burmese kyat. It is abbreviated as "K" and is issued by the Central Bank of Myanmar. The kyat is available in banknotes and coins, with banknotes ranging from 50 to 10,000 kyat denominations. The currency is widely used for financial transactions, both in cash and electronically, throughout the country. While the Burmese kyat is the official currency, US dollars are also widely accepted in Myanmar, especially in tourist areas and for larger transactions. However, it is important to note that the exchange rate for US dollars can vary widely and it is recommended to exchange currency at official exchange counters or banks to avoid potential scams. Overall, the Burmese kyat is the primary currency used in financial transactions in Myanmar.
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