Myanmar bank exchange rate

Myanmar foreign exchange rate - Use of international bank and credit cards to pay for goods and services at outlets in myanmar is currently limited but, as with so much in the country, the situation is changing fast; in yangon and some of the more popular spots around the country, cards can be used at point of sale – although a significant transaction charge may be incurred. Visitors once had to bring in all the necessary cash for their travels into myanmar, there are now thousands of atms that accept international bank and credit cards located around the country – although bear in mind that most are concentrated in yangon, mandalay, nay pyi taw, bagan and inle lake. If you are spending more than a few days outside of yangon, mandalay or nay pyi taw, make sure to exchange enough money beforehand or make the necessary atm withdrawal; it can be difficult to change money outside the main cities, and you will probably get a worse rate. The people's bank of the union of burma act was enacted in 1967 and a monolithic bank known as the people's bank of the union of burma was established in 1969 with the initial paid-up capital of 200 million kyats that was fully contributed by the state.

Burmese Money: Kyats & USD Currency

I went back Burma/Myanmar in December of 2015 and bought back Burmese kyats a.k.a. money.