Myanmar
Myanmar to abolish foreign exchange certificates in 2013
Sep 28, 2012 09:09 AM Category: East and Southeast Asia
According to an article on Mizzima dated 9 August 2012, Maung Maung Win, the vice chairman of the Central Bank of Myanmar, said that the bank will abolish foreign exchange certificates (FEC) “as soon as possible,” most likely in March 2013. “Earlier, it was difficult to use dollars in Burma, so we issued the FEC as an equivalent to the dollar as a type of currency to be used in Burma.” Presently, Burma allows both dollars and FECs, which are pegged at different exchange rates. Currently, the government is drafting a new foreign currency management law allowing all foreign currencies to be exchanged freely.
Courtesy of Aidan Work.
Myanmar new 10,000-kyat note confirmed
Jun 17, 2012 11:25 PM Category: East and Southeast Asia
CBM B16 (PNL): 10,000 kyats
Blue, red, purple, green, brown, and yellow. Front: Guilloche patterns; two elephants flanking laurel wreath with outline map of Myanmar. Back: Royal Palace of Mandalay with reflection on water. Windowed security thread with demetalized MYANMAR SPW. Watermark: Lotus blossom and electrotype 10000. Printer: SECURITY PRINTING WORKS (in microprint). 150 x 70 mm.
a. No date. Intro: 15.06.2012.
Anyone interested in buying one of these notes can contact the contributor by clicking the link below.
Courtesy of Claudio Marana and Nin Cheun (Noteshobby).
Myanmar chapter of The Banknote Book is now available
May 26, 2011 07:18 PM Category: The Banknote Book | East and Southeast Asia
The Myanmar chapter of The Banknote Book is now available for individual sale at US$4.99, and as a free download to subscribers.
This 5-page catalog covers every note (26 types and varieties, including 7 notes unlisted in the SCWPM) issued by the Central Bank of Myanmar from 1990 to present day.
Each chapter of The Banknote Book includes detailed descriptions and background information, full-color images, and accurate valuations. The Banknote Book also features:
- Sharp color images of note’s front and back without overlap
- Face value or date of demonetization if no longer legal tender
- Specific identification of all vignette elements
- Security features described in full
- Printer imprint reproduced exactly as on note
- Each date/signature variety assigned an individual letter
- Variety checkboxes for tracking your collection and want list
- Red stars highlight the many notes missing from the SCWPM
- Date reproduced exactly as on note
- Precise date of introduction noted when known
- Replacement note information
- Signature tables, often with names and terms of service
- Background information for historical and cultural context
- Details magnified to distinguish between note varieties
- Bibliographic sources listed for further research
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If you collect the entire world or a large number of countries, buying a $99 annual subscription is the best deal because it's less expensive than buying chapters individually, and it entitles you to every chapter currently available as well as everything published—or revised (click here to see the Change Log)—during the next 12 months.
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Myanmar new 5,000-kyat note confirmed
Oct 09, 2009 08:22 AM Category: East and Southeast Asia
On 1 October 2009, Myanmar issued a 5,000-kyat banknote, the largest denomination in the Asian country formerly known as Burma. The undated, unsigned 150 x 70 mm purple note features an elephant on front and buildings on back.
Courtesy of Jean-Michel Engels.
Myanmar to allow exchanging of worn notes
Jul 28, 2009 07:55 AM Category: East and Southeast Asia
According to a 27 July 2009 article in The New Light of Myanmar, the official English-language newspaper of the Asian country formerly known as Burma, old banknotes “can be exchanged for new ones provided that the note is in specified condition at notes changing counter of Central Bank of Myanmar at No (198/ 199) at the corner of Bo Sun Pak Street and Strand Road and respective branches of Myanma Economic Bank. Arrangements have been made for exchange of old notes for new ones, ranging from K 10 to K 200 notes.”
This is a rather curious announcement as most central banks cull worn notes from circulation as a matter of course. It does not appear that Myanmar is introducing new designs, even though its note family is overdue for a change; Interpol recommends central banks modify security features every seven years or so. The last time Myanmar changed its notes was in 2004, when the 500- and 1,000-kyat notes were reduced in size. All other denominations have remained unchanged since the mid-1990s.
This is a rather curious announcement as most central banks cull worn notes from circulation as a matter of course. It does not appear that Myanmar is introducing new designs, even though its note family is overdue for a change; Interpol recommends central banks modify security features every seven years or so. The last time Myanmar changed its notes was in 2004, when the 500- and 1,000-kyat notes were reduced in size. All other denominations have remained unchanged since the mid-1990s.
