Money matters in Myanmar

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Myanmar

Money matters in Myanmar Reviews

ulis ulis
317 reviews
Money in Myanmar Mar 08, 2017
Money is still a problem, but not as much as before.

The first time I i was in Myanmar the local currency came in 35,70 and 90 bills, and it was only possible to change cash US $.

Last winter I came overland from India, the hotel at the Tamu border changed all my leftover Indian Rupies. Changing Thai Baht in Myawaddy or Kawthoung is also no problem.

In Mandalay the best rates you got for US $ just out of the printing machine, in Bangkok you can get that for a fee at some money changers, (Superrich1965.com for instance, best at their head office opposite the Central World shopping center near Big C), for bills slightly not perfect you can go to some hotels with a less good rate.

In the big towns there are now also AT&T machines.

There is no need for changing Euro to US $ before you go to Myanmar, they are not more difficult to change in the country.
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1 / 1 TravBuddies found this review helpful/trustworthy
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pfsmalo says:
Very helpful
Posted on: Apr 01, 2017
ulis says:
Thanks
Posted on: Mar 03, 2017
BASAIC says:
Very useful info!
Posted on: Mar 03, 2017
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1971K2 1971K2
30 reviews
Money matters in Myanmar Dec 09, 2012
We'd heard about how others had encountered problems with money matters in Myanmar, so we tried to read up as much as possible and get tips from various people on what to do ...

It turned out that some of the information we received was outdated but luckily we arrived on separate days and thus were able to avoid a disaster ...

The bank in Thailand only had big notes, we ended up with 100 and 50 US dollar bills. These and other currencies are best exchanged in airports, as the rates there are much better than at the banks or hotels.

Guest Houses prefer you to pay in dollars but at the same time, they're extremely particular about receiving crisp USD notes. I paid (and preferred to) for everything in Kyat except for my train tickets.

This saved me the stress of making sure to keep my notes from getting crumpled and arguments with the locals into accepting notes with even the slightest crease.

Guest Houses outside of Yangon are more particular about how crisp your notes are. In Yangon, they're less particular and often palm off creased notes to you in change ...

You're likely to get short-changed changing money through the touts around Sule Pagoda, unless you're extremely careful and have someone with you to count the money. They offer what seems fantastic rates but skim some notes off when you're not looking.
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