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Myanmar Currency

ISO 4217 code
MMK
Central bank
Central Bank of
Myanmar
 Website
www.cbm.gov.mm
User(s)
Burma
Inflation
3.1%
 Source
The World Factbook,
2012 est.
Subunit
 1/100
pya
Symbol
K
Coins
K1, K5, K10, K50, K100
Banknotes
50 pyas, K1, K5, K10,
K20, K50, K100, K200,
K500, K1000, K5000,
K10,000
The kyat /kiːˈɑːt/
(Burmese: ကျပ် [tɕaʔ];
ISO 4217 code MMK) is
the currency of Burma
(Myanmar). It is often
abbreviated as
"K" (singular or plural) or
"Ks" (plural), which is
placed before or after
the numerical value,
depending on author
preference.
History
First kyat, 1852-1889
The kyat was a
denomination of both
silver and gold coinages
in Burma until 1889. It
was divided into 20 pe,
each of 4 pya, with the
mu and mat worth 2
and 4 pe, respectively.
Nominally, 16 silver kyat
equal 1 gold kyat. The
silver kyat was
equivalent to the Indian
rupee, which replaced
the kyat after Burma
was conquered by the
British.
Second kyat,
1943-1945
When the Japanese
occupied Burma in 1942,
they introduced a
currency based on the
rupee. This was
replaced at par by the
kyat in 1943. This kyat
was subdivided into 100
cents. The kyat became
worthless at the end of
the war when the
rupee was reintroduced.
Third kyat, 1952-
The present kyat was
introduced on 1 July
1952. It replaced the
rupee at par.
Decimalization also took
place, with the kyat
subdivided into 100 pya.


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