Myanmar’s national currency is “Kyat”, which comes in denominations of 5, 10, 20, 50, 100, 200, 500, 1000, 5000, 10,000. Although, 1 Kyat notes and smaller denomination of coins were available, they are very rare and have become extinct.
Where you can exchange Kyats
Money can be exchanged at major airports including Yangon, Mandalay, Nay Pyi Taw, Bagan and Thandwe (for Ngapali beach) and also banks in the downtown areas of larger cities. In Yangon, you can also head to the popular and central Bogyoke Aung San Market (Scott Market) if you want to change money at the weekend – there you can find numerous money-changing shops (these tend to shut around 3.30 to 4pm). US Dollar is the most accepted currency at money exchange in Myanmar, however, you can also exchange other major currencies such as Australian Dollar, Euro, Pound, Singapore Dollar at some money exchange shops. Make sure you have the notes clean, crisp and new as old and dirty notes have different rate and some might not even accept them.
Automated Teller Machines (ATMs) are available in most major cities and downtown area, however, only limited ATMs can withdrawal oversea currency. Currently only Visa, Mastercard (Maestro/Cirrus), China’s Union Pay and Japan’s JCB can be used; the biggest providers of compatible ATMs are CB (Co-operative) Bank and KBZ (Kanbawza) Bank. Others include AGD Bank, AYA Bank and United Amara Bank. . Fees may be charged on transactions, particularly if withdrawing from an international account. EFTPOS service is not widely available through shops in Myanmar.
How much money you can I bring into the country
There is no limit on the amount of currency that you can bring into Myanmar, but you will need to declare amounts over $10,000.