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In 2019, the Central Bank of Myanmar issued a new series of banknotes that feature a portrait of its national hero Aung San after longstanding calls to redesign the kyat. The first denomination issued for this new series was the Ks. 1,000/- banknote, which was issued into circulation on 4 January 2020, [ 26 ] followed by the Ks. 500/- banknote ...
Black market rates for the kyat have for years been significantly higher than the reference rate of Myanmar's central bank, currently set at 2,100 kyat per doll Myanmar junta arrests dozens in bid ...
3 April 1948 (as Union Bank of Burma) Ownership: 100% state ownership [1] Governor: Than Than Swe: Central bank of: Myanmar (Burma) Currency: Myanmar kyat MMK Preceded by: Union Bank of Burma People's Bank of Union Bank of Burma: Website: www.cbm.gov.mm
In August, the Central Bank of Myanmar tried tethering the kyat 0.8% either side of its reference rate against the dollar, but gave up on Sept. 10 as pressure on the exchange rate mounted.
The Central Bank of Myanmar is currently embarking on a plan to unify the country's multiple exchange rate system. From April 2012 to April 2013, the official exchange rate of 6.4 kyats to US$1 (a rate that has not changed since 1977, when it was pegged to the IMF's special drawing rights ) will be floated up, to foster an interbank money market.
Exchange rates: kyats per US dollar – 1,205 (2008 est.), 1,296 (2007), 1,280 (2006), 5.82 (2005), 5.7459 (2004), 6.0764 (2003) note: unofficial exchange rates ranged in 2004 from 815 kyat/US dollar to nearly 970 kyat/US dollar, and by year end 2005, the unofficial exchange rate was 1,075 kyat/US dollar; data shown for 2003–05 are official ...
Following monetary independence from Britain, the building became home to the Union Bank of Burma (ပြည်တောင်စုဘဏ်), and the first Burmese kyats were issued there in July 1952. [5] It remained the site of Myanmar's central bank until 1993, when it became occupied by the military-owned Myawaddy Bank. [5]
The exchange rate is an intermediate target of monetary policy in ... Myanmar kyat: MMK Central Bank of Myanmar: 3.6 0.31 0.7 ... which is expected to go live by 2026 ...