• Currency in Myanmar

    The act of obtaining and keeping currency in Myanmar is a sometimes bizarre and cumbersome task. For starters, there’s the exchange rate. The official rate is 6 Kyat (pronounced ‘chyat’) for one US dollar. In a guesthouse or on the street, the going rate is closer to 1,000 Kyat for a dollar.

    To make things more interesting, the largest denomination of the Kyat is the 1,000 note. Since the exchange rates are better in Yangon than elsewhere in the country, we exchanged a bunch before we hit the road. We’re now carrying around ridiculous bricks of cash, which makes us feel like total high rollers – it’s not unusual for us to spend six grand on lunch alone!

    We’re still trying to figure out why the notes have to come in different sizes though.

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    This entry was posted on Monday, February 1st, 2010 at 5:45 am and is filed under Myanmar (Burma). You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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