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PHB
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MMK
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About Myanma Kyat (MMK)

The Myanma Kyat (MMK), introduced in 1952, is not merely the monetary unit of Myanmar; it represents a crucial aspect of the nation's complex socio-economic narrative. It is commonly abbreviated as MMK and represented by the symbol Ks. Emerging in the post-independence era as a replacement for the Indian Rupee, the Kyat has since navigated through Myanmar's turbulent history, economic reforms, and ongoing challenges.

Historical Background

The introduction of the Myanma Kyat marked a significant milestone in Myanmar’s journey towards economic self-identity after gaining independence from British colonial rule. The Kyat was established to facilitate the development of a nascent economy free from colonial ties and has witnessed several political and economic upheavals since then.

Design and Symbolism

The design of the Kyat reflects Myanmar's rich cultural heritage and national identity. The currency features iconic figures from Myanmar's history, landmarks, and cultural symbols that narrate the country’s storied past and aspirations. These designs not only serve as a medium for financial transactions but also as emblems of national pride and identity.

Economic Role

The Kyat plays a central role in Myanmar’s economy, which is characterized by its agricultural base, natural resource wealth, and more recently, a burgeoning tourism industry. As the primary medium of exchange, it supports various sectors, enabling trade and facilitating economic activities crucial for the country’s development.

Monetary Policy and Inflation

Managed by the Central Bank of Myanmar, the Kyat has faced challenges such as inflation, currency depreciation, and economic sanctions. The central bank's monetary policies are aimed at stabilizing the currency and fostering an environment conducive to economic stability and growth.

International Trade and the Myanma Kyat

The value of the Kyat is significant in international trade, especially for Myanmar's key exports like rice, natural gas, and garments. A stable Kyat is vital for maintaining competitive export prices and attracting foreign investment.

Remittances and Economic Impact

Remittances from Burmese working abroad, particularly in Thailand, Malaysia, and Singapore, are a vital source of income for many families and contribute to the national economy. These funds, exchanged into Kyats, support household incomes and contribute to economic stability.

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1D7D1M3M1YAll
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calculator.compare.exchangecalculator.compare.pricecalculator.compare.maker_feecalculator.compare.tradable
Bitgethot-iconcalculator.compare.best
Ks3,456.77
0.0200% / 0.0320%vip-iconcalculator.compare.vip
Binance
Ks3,458.03
0.1000% / 0.1000%
calculator.compare.yes
Huobi
Ks3,453.83
0.1000% / 0.1000%
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Gate.io
Ks3,449.63
0.1000% / 0.1000%
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$87.79M
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$6.75M
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52.38M PHB

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0.5 PHB
Ks1,760.34
1 PHB
Ks3,520.68
5 PHB
Ks17,603.41
10 PHB
Ks35,206.81
50 PHB
Ks176,034.07
100 PHB
Ks352,068.14
500 PHB
Ks1,760,340.72
1000 PHB
Ks3,520,681.43

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coin.amountcalculator.detail.time_
0.5MMK0.0001420  PHB
1MMK0.0002840  PHB
5MMK0.001420  PHB
10MMK0.002840  PHB
50MMK0.01420  PHB
100MMK0.02840  PHB
500MMK0.1420  PHB
1000MMK0.2840  PHB

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0.5 PHB$0.8379$0.8552
-2.03%
1 PHB$1.68$1.71
-2.03%
5 PHB$8.38$8.55
-2.03%
10 PHB$16.76$17.1
-2.03%
50 PHB$83.79$85.52
-2.03%
100 PHB$167.58$171.05
-2.03%
500 PHB$837.91$855.25
-2.03%
1000 PHB$1,675.82$1,710.5
-2.03%

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0.5 PHB$0.8379$0.9020
-7.10%
1 PHB$1.68$1.8
-7.10%
5 PHB$8.38$9.02
-7.10%
10 PHB$16.76$18.04
-7.10%
50 PHB$83.79$90.2
-7.10%
100 PHB$167.58$180.4
-7.10%
500 PHB$837.91$902
-7.10%
1000 PHB$1,675.82$1,803.99
-7.10%

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0.5 PHB$0.8379$0.3600
+132.78%
1 PHB$1.68$0.7199
+132.78%
5 PHB$8.38$3.6
+132.78%
10 PHB$16.76$7.2
+132.78%
50 PHB$83.79$36
+132.78%
100 PHB$167.58$71.99
+132.78%
500 PHB$837.91$359.95
+132.78%
1000 PHB$1,675.82$719.9
+132.78%

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