Currency of Myanmar
The Myanmar currency is called kyat, abbreviated K, and pronounced "chat". Kyat banknotes are available in denominations of 1, 5, 10, 15, 20, 45, 50, 90, 100, 200, 500 and 1000. At the time of writing, US$1.00 = 6.54 riel. For the latest exchange rate, use the Oanda Currency Converter, http://www.oanda.com/convert/classic.
Previously visitors to Myanmar had to change US$200 into Foreign Exchange Certificates (FEC) - this rule was abolished in August 2003. FECs should be avoided as they are not worth their face value, and is only good as souvenir (it looks like Monopoly money).
When travelling in Myanmar, it is very important to bring enough cash, because it is impossible to get more without leaving the country. Although only the kyat (and FEC) are legal tender, US Dollars and euros are widely accepted and are often preferred.
Travellers' ChequesForget about it. They are not accepted in Myanmar.
Credit CardsCredit cards are rarely accepted, and when they are the rates are extremely unfavourable, with premiums no lower than 7%.
Myanmar Service Charge & TaxInternational class hotels levy a government tax and service charge of 10% each. Some restaurants impose a 10% government tax only.
Myanmar Business HoursBanks are open from 9:30 am to 3:00pm Mondays to Fridays. Government offices operate from 9:00am to 4:30pm, Mondays to Fridays. Private sectors operate from 9:00am to 5:30pm, Mondays to Saturdays. Supermarkets open from 9:00am to 9:00pm.
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