Money in Myanmar
Myanmar's currency is the Kyat but the government has designed a monopoly currency to control the flow of the traveler's dollars better: the FEC, Foreign Exchange Certificates.
One FEC is worth one dollar. You can pay the guesthouses, the government transports and some shopping with them. They are also accepted by money changers like regular US$ notes, although the exchange rate is slightly lower.
Following is table of exchange rate of Myanmar’s currency to others.
|
|
USD |
MYR |
EUR |
GBP |
AUD |
INR |
THB |
SGD |
JPY |
|
1MMK |
0.00117 |
0.00361 |
0.00087 |
0.00076 |
0.00113 |
0.06313 |
0.03478 |
0.00144 |
0.10888 |
About credit card, it doesn’t work in Myanmar because only a few upscale hotels, restaurants and shops countrywide will actually allow visitors to use them.And even these charge between 20 and 40 percent service charges so it’s wise for foreigners to bring sufficient cash to cover their trip.
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