Science Fair Project Encyclopedia
The kyat (ISO 4217 code MMK) is the official currency of Myanmar. Paper currency comes in 1, 5, 10, 20, 50, 100, 200, 500 and 1000 kyat notes. One kyat is equal to 100 pyas. Pya coins exist, but are rarely seen.
Although the official exchange rate is set around 7 kyats to one US Dollar, the street rate can go as high as 1000 kyats (900 kyats as of Feb, 2005).
Exchange rate as of December 20, 2004:
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