Currency: Burmese kyat

The Burmese kyat is the official currency of Myanmar. One US dollar is worth around 1,500.00 MMK. The Burmese kyat is the currency of Myanmar. It was first introduced in 1852, replacing the Indian rupee. The kyat is divided into 100 pya. The currency is issued by the Central Bank of Myanmar. The kyat has been subject to high inflation, so banknotes are issued in denominations as high as 10,000 kyat. The kyat is widely used in Myanmar and is often used for transactions in border areas.