Myanmar Money (www.myanmarmoney.com)
"Myanmar New Money Currency Note 5000-Kyats"
Myanmar 25th, September, 2009
Myanmar Money and Banking
Money is a primary need when you’re on the road and has the potential to
cause major hassle. Get the upper hand with this informative report on
currency, traveler’s checks, money wiring, ATMs, banks, and credit cards in
Individual tourists are required on arrival at Yangon international airport to exchange a minimum of US$200 into FECs (Foreign Exchange Certificates). Any unused foreign exchange certificates out of this amount will not be converted (though FECs in excess of US$300 can be reconverted on departure). Visitors on a package tour are not subject to this requirement, but if they wish to spend extra money in Myanmar, they can also exchange US Dollars for FECs.
FECs, which are printed in China, are Myanmar’s second legal currency and are issued by the Bank of Myanmar specifically for visiting tourists. They come in denominations equivalent to US$20, 10, 5 and 1. Payment for FECs is only accepted in US Dollars. One US Dollar equals one FEC. FECs can be exchanged into Kyats at officially authorized banks, bureaux de change, hotels and Myanmar Travel and Tour offices and can be spent anywhere in the country.