1 Kyat Currency Overview and Evolution

The 1 kyat currency has a rich history, and understanding its evolution is key to appreciating its current value. Introduced in 1952, the 1 kyat coin was one of the first denominations to be minted by the Burmese government.

The 1 kyat coin was initially made of a copper-nickel alloy, giving it a distinctive appearance. This alloy composition was chosen for its durability and resistance to corrosion.

In the early years, the 1 kyat coin was widely accepted and used in everyday transactions. Its widespread use was a testament to the country's growing economy.

The 1 kyat coin has undergone several design changes over the years, with each iteration reflecting the country's cultural and economic shifts.

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The kyat was a denomination of both silver and gold coinages in Burma until 1889. It was divided into 16 pe, each of 4 pya, with the mu and mat worth 2 and 4 pe, respectively.

The silver kyat was equivalent to the Indian rupee. The Indian rupee replaced the kyat after Burma was conquered by the British.

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The first kyat was a denomination of both silver and gold coinages in Burma until 1889. It was divided into 16 pe, each of 4 pya. The mu was worth 2 pe and the mat was worth 4 pe. The silver kyat was equivalent to the Indian rupee.

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During World War II, the Japanese occupied Burma in 1942 and introduced a currency based on the rupee.

The Japanese currency was later replaced by banknotes in all kyat denominations.

This kyat was subdivided into 100 cents, a significant change from the previous system.

The currency became worthless at the end of the war when the Burmese rupee was reintroduced in 1945.

The third kyat was introduced in 1952, replacing the rupee at par, and it's still the currency we use today in Myanmar.

It's worth noting that the introduction of the third kyat also brought about decimalisation, which is a fancy way of saying that the kyat was divided into smaller units.

In 1952, the kyat was subdivided into 100 pyas, which is a unit of currency you might not be familiar with.

Here's a quick rundown of the countries and regions where the kyat is used:

The 1 Kyat coin has a rich history and some interesting features. The issuer of this coin was Myanmar.

The coin was produced under the issuing regime of the Union of Burma, which existed from 1948 to 1974. It's a standard circulation coin, meaning it was widely used for everyday transactions.

Here are some key details about the 1 Kyat coin:

The 1 Kyat coin was produced from 1952 to 1965, which is a relatively short period.

The first series of kyat notes was introduced in 1944 by the Burma State Bank, with denominations ranging from K 1/- to Ks. 100/-. These notes featured a peacock design and were issued in various sizes and colors.

The 1944-45 Series of kyat notes had unique dimensions, with the K 1/- note measuring 109 × 63 mm and the Ks. 100/- note measuring 160 × 90 mm. The main colors of these notes were blue, red, green, and bright orange.

In 1952, the Union Bank of Burma introduced the decimal system, decimalizing the kyat into 100 pyas. This change marked a significant shift in the currency's design and functionality.

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If you're traveling to Myanmar, you'll want to know how to exchange your money for the local currency, the Myanmar kyat (MMK). To convert MMK to US dollars, simply type in the amount you want to convert, select MMK as the currency you want to convert from, and USD as the currency you want to convert to.

Our currency converter will show you the current MMK to USD rate and how it's changed over the past day, week or month.

You can also exchange your money for other currencies, such as the Thai baht (THB), Euro (EUR), or Australian dollar (AUD). These are some of the top currency pairings for the Myanmar kyat.

Here are some of the most popular currency pairings for the MMK:

The Burmese currency has a fascinating history, and one of the most interesting aspects is the evolution of their banknotes. The Burma State Bank issued notes for K 1/-, Ks. 5/-, Ks. 10/- and Ks. 100/- in 1944, with a further issue of Ks. 100/- notes in 1945.

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The 1944-45 Series of banknotes was introduced, featuring distinctive designs and colors for each denomination. The K 1/- note measured 109 × 63 mm, had a blue color, and featured a peacock and "1 kyat" inscribed in Burmese script.

The Ks. 5/- note was 130 × 72 mm, red in color, and showed a peacock and "5 kyats" written in Burmese. The Ks. 10/- note was 146 × 84 mm, green in color, and had a peacock and "10 kyats" written in Burmese.

The Ks. 100/- note was 160 × 90 mm, bright orange in color, with a peacock and "100 kyats" written in Burmese. In 1945, a new Ks. 100/- note was introduced, measuring 155 × 95 mm, with a dark blue color and featuring the image of Head of State Ba Maw on the right.

The Union Bank of Burma introduced a decimal system in 1952, dividing the kyat into 100 pyas. In 1958, the Union Bank of Burma introduced the first kyat notes, with denominations of K 1/-, Ks. 5/-, Ks. 10/- and Ks. 100/-, similar in design to the last series of rupee notes.

Here's a brief overview of the 1944-45 Series of banknotes: