Currency
Kyat (MMK) = 100 pyas. Notes are in denominations of MMK1,000, 500, 200, 100 and 90 pyas. Coins are in denominations of MMK1, and 50, 25, 10, 5 and 1 pyas. MMK100,000 is known as a lakh, and MMK10 million as a crore. Kyat is pronounced like the English word ‘chat’. To combat the black market and limit the financial power of dissident groups, currency denominations are occasionally declared invalid without prior notice. Limited refunds are usually allowed for certain sectors of the population.

Note: The import and export of local currency is prohibited.

Currency Exchange
FECs, which are printed in China, are Myanmar’s second legal currency and are issued by the Bank of Myanmar specifically for visiting tourists. They come in denominations equivalent to US$20, 10, 5 and 1. Payment for FECs is only accepted in US Dollars. One US Dollar equals one FEC. FECs can be exchanged into Kyats at officially authorized banks, bureaux de change, hotels and Myanmar Travel and Tour offices and can be spent anywhere in the country. Cash payments can also be made in US Dollars, but only at establishments (eg hotels, railway stations, airlines) that have an official license allowing them to accept dollars. Wherever possible, it is advisable to change US Dollars into Kyats rather than FECs, as FECs usually have a poorer exchange rate than Kyats. However, US Dollar traveller’s cheques can only be exchanged into FECs and not directly into Kyats unlike US Dollar cash. It is also recommended to carry small change as large notes may be difficult to change. Euros are now also accepted in all banks and currency exchange bureaux.

Credit/Debit Cards and ATMs
It is unlikely that credit or debit cards will be accepted; it is best to check with your card company prior to travel. There are no ATMs.

Traveller's Cheques
Accepted, although probably not by all establishments. To avoid additional exchange rate charges, travelers are advised to take traveller’s cheques in US Dollars or Pounds Sterling.

Banking Hours
Mon-Fri 1000-1400.

Exchange Rate Indicators