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Fri Sep 22, 2017

MYANMAR PRINTS NEW BANKNOTE

8 June
2012
Posted by
Admin
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Central Bank of Myanmar Thursday announced the printing of new banknote of
ten thousand kyats (approximate to 12 US$) which is scheduled to make its
debut in market as of 15 June.

It is crowned the largest note in Myanmar beating the note of five thousand
kyats. Two lines “Central Bank of Myanmar” and “Ten Thousand Kyats” in
English top the banknote’s back which carries a picture of the ancient
Mandalay Palace of the last monarchy of Myanmar.

A Myanmar map-embedded emblem with two white elephants carrying a lotus by
trunks on either side occupies the right half of the paper money’s front.

It is the latest installment in a series of monetary reforms being
initiated by the central bank. The next to last is the managed float of
foreign exchange rate.

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