kyat : Definition, Usages, News and More

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kyat


  • n  the basic unit of money in Myanmar

  • One measure of the country's economic dysfunctionality is that while the kyat's official exchange rate is about six to a dollar, the black market values the dollar at 1,160 kyat.
  • In November the authorities challenged the shadow economy by exchanging all 20-, 50- and 100-kyat notes for new 75-kyat bills.
  • Teaching a restive, resentful population how to fight seems a tactical blunder, but trainees are only given sticks, not rifles, and I hear that those with 15,000 kyat (about $17 .
News & Articles

  • Myanmar To Adopt International Gold Standard For The First Time With Plans To Relax Export Restrictions
    In another step toward joining the international community, the previously isolated nation of Myanmar is adopting the international measurement standards to issue gold bars for the first time, further opening the Burmese gold market to the outside world. This means Myanmar will start selling gold with 99.99 percent purity in the international unit of gram, instead of the Myanmar currency kyat ...
    Feb. 14, 2014 - International Business Times

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