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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 ...
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.
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
De Facto Classification of Exchange Rate Arrangements, as of April 30, 2021, and Monetary Policy Frameworks [2] Exchange rate arrangement (Number of countries) Exchange rate anchor Monetary aggregate target (25) Inflation Targeting framework (45) Others (43) US Dollar (37) Euro (28) Composite (8) Other (9) No separate legal tender (16) Ecuador ...
The reason for issuing a higher denomination note of 20,000 kyats (about $9.50) was not explained. ... The Central Bank of army-ruled Myanmar will issue a new banknote worth twice as much as the ...
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 ...
kyat: Central Bank of Myanmar: 57,439: 96,812: 60: 300 ... Foreign exchange reserves of ASEAN members; Country Foreign exchange reserves Figure as of Brunei Darussalam:
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.