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The kyat was a denomination of both silver and gold coinages in Burma until 1889. It was divided into 16 pe, each of 4 pya, with the mu and mat worth 2 and 4 pe, respectively. Nominally, 16 silver kyats equal 1 gold kyat. The silver kyat was equivalent to the Indian rupee, which replaced the kyat after Burma was conquered by the British.
Examples of metrication in Myanmar include weather forecasts by the Department of Meteorology and Hydrology being given with temperatures in Celsius. [8] Petrol in Myanmar is sold with prices in Burmese kyat per litre (K/L). [9] [10] Speed limits in Myanmar are given by law in kilometres per hour (km/h). [11] [12]
The rupee was replaced by the kyat in 1943. In 1945, the Japanese occupation currency was declared worthless and Burma reverted to using Indian coinage and its own rupee paper money, with the pre-war value of the Burmese rupee restored. Following independence in 1948, Burma introduced its own rupee currency, consisting of coins and banknotes.
A gold shop in Thailand. The necklace chains are denoted by their weight in baht.. The tical is a unit of mass (or weight in the colloquial sense) historically used in Mainland Southeast Asia, particularly in the predecessor states of Myanmar, where it is known as the kyat (kyattha), and of Cambodia and Thailand, where it is known as the baht (bat).
English: Coin 1 kyat, Burma, 1853, Mindon Min. Sterling silver 917, weight 11.18 g, diameter 30.9 mm, thickness 1.6 mm. On the obverse there is a peacock - the coat of arms of Burma and the inscription in Burmese meaning - "Royal coinage", on the reverse - "Royal residence Mandalay", the date according to the Buddhist calendar - "1214" and the denomination - "Use as 1 kyat".
English: Myanmar (Burma) 1 Kyat (Rupee) 1214 (1853 AD) popular Silver Coin D. = 31 mm. 11.59 g Ag 0.9170 King Mindon Min, 1214-1240 (1853 to 1878) Peacock with full display / Denomination and date within wreath. KM 10 Condition: About EXTREMELY FINE
On 22 September 1987, the Burmese government introduced new denominations of 45 and 90 kyat notes. The 45 and 90 kyat denominations were chosen because the two numbers are divisible by 9, which was considered lucky by Ne Win. [27] Students in particular were angry at the 1987 demonetisation as savings for tuition fees were wiped out instantly. [28]
Surviving records provide a glimpse of the kingdom's economic life. A pe (ပယ်, 0.71 hectare) of fertile land near Pagan cost 20 silver kyats but only 1 to 10 kyats away from the capital. Construction of a large temple in the reign of Sithu II cost 44,027 kyats while a large "Indian style" monastery cost 30,600 kyats. [78]