Myanmar kyat · MMK
K symbol · 1 country currently using this currency.
Currency info
Adopted: 1952
Currency family: Other
The Myanmar kyat's name derives from the Burmese word for 'silver,' reflecting its historical connection to precious metals.
- Introduced in 1952 after Myanmar's independence from British rule, replacing the Indian rupee
- Pegged to gold standard initially, then transitioned to fiat currency in 1975
- Experienced significant devaluation during the 1980s economic crisis and military regime
- Underwent major redenomination in 1989 with the introduction of new banknote series
- Managed by the Central Bank of Myanmar since its establishment in 1990
Countries currently using this currency
Related
Other Other currencies
Historical predecessor
Indian rupee