CURRENCY MONEY

The Myanmar currency is kyat. The legal denominations are 1, 5, 10, 20, 50, 100, 200, 500, 1000, 5000 and 10,000. There are many banks and legal exchange counters all over the country. But the banks accept USD, Euro and SGD only.

BANKING SYSTEM

Banking system is still poor. Wire transfer can be done via Intermediary Banks.International credit cards are not widely used. Only leading hotels will accept Visa or Master card.Some travel agents and shops accept credit cards as well, but additional 3% will be charged.There are some ATMs. You can withdraw Kyats ( Master and Visa cards only ) with a limitation . 300,000 Kyats/ one time ( About US$ 300 ) and 3 times a day.