Countries that use the Kyat
The Kyat is an official national currency and used only in Burma. 1 Kyat is devided into 100 Pyas.
1.00 Kyat = 0.0007 US Dollar
Exchange rate history 10000 MMK in USD
Kyat as currency
Currency reserves for the Kyat
According to the International Monetary Fund, the total broad money (M3) amounted to MMK 39,602.96 trillion at the end of 2016. For currency hedging, reserves were held in a total amount of 6,161.27 billion Kyats. This corresponds to a ratio of 1:6.4. In other words: Not even 1 of 7 Kyats is deposited with a countervalue.
Approximately 337.7 billion Kyats (5.5%) of the currency reserves exist in gold reserves, the remainder consists of foreign currencies, special drawing rights in the International Monetary Fund and other reserve positions.Worldwide currency and gold reserves
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