Kyat

They also made a beef jerky over the fire used to distill the local rice drink, kyat. ❋ Unknown (2009)

Speaking by phone to The Wall Street Journal upon his return to the U.S. after a series of meetings in Myanmar—including one with President Thein Sein and others with academics—Mr. Stiglitz said a consensus seemed to be building to steer Myanmar toward some form of "managed float" exchange-rate system, in which governments often intervene to influence exchange rates, rather than freely floating its currency, the kyat. ❋ Patrick Barta (2012)

A recent weakening of the dollar against the kyat in street markets has made it tougher for Myanmar exporters to compete overseas, adding pressure for further market reform. ❋ Unknown (2011)

Last week, several local banks were given the right to trade Myanmar's kyat for dollars, euros and Singapore dollars and a new automatic teller machine appeared in Yangon for the first time in several years. ❋ Unknown (2011)

The official government exchange rate has long been kept at about six Myanmar kyat for every U.S. dollar, compared with roughly 800 kyat per dollar in public markets—a massive gap that introduced a range of distortions to the economy and made it dramatically more complicated to do business there. ❋ Patrick Barta (2012)

Myanmar officials have repeatedly asked for more help from the IMF to help the government simplify the country's unwieldy foreign-exchange regime, which involves multiple exchange rates—including an official rate of about six Myanmar kyat per dollar, compared with a street rate of about 800 per dollar. ❋ Keith Johnson (2011)

The cost of a 20-kilo bag of lower-quality grain has declined by 1,000 Myanmar kyat $153 to 12,600 kyat since last week, though prices of medium and high-quality grades continue to remain high, traders said. ❋ Sameer Mohindru (2011)

That could occur when officials record foreign payments for natural gas or other exports at the official rate of six kyat per dollar—greatly underestimating the payment's actual value in local terms—and then convert the money into kyat at the prevailing street rate. ❋ Unknown (2011)

Floating the currency could expose Myanmar to serious risks if the country continues opening up to the outside world, with heavy inflows of investment and foreign aid potentially driving up the value to kyat. ❋ Patrick Barta (2012)

Now, due to the announcement 50/2011, these companies now they have the right to exchange the dollar at the daily market rate which is closer to about 850 kyat per dollar. ❋ Unknown (2011)

Phnom Penh Post/Agence France-Presse/Getty Images The Myanmar Times's Ross Dunkley in happier times The court set Mr. Dunkley's bail at five million kyat, or about $6,000 based on current exchange rates in Yangon, for each of the two charges he faces: drugging a local woman and violating immigration law by committing an illegal act. ❋ Unknown (2011)

Mr. Stiglitz said he was told during his trip that the government was already doing some of its bookkeeping at the unofficial rate, indicating it is already moving toward accepting market levels for kyat, though he stressed this was not confirmed to him by government officials. ❋ Patrick Barta (2012)

The official government exchange rate is about six Myanmar kyat for every U.S. dollar, compared with roughly 800 kyat per dollar in public marketss—a gap that introduces a range of distortions to the Myanmar economy and makes it complicated to do business there. ❋ Unknown (2011)

The nation must fix basic things such as its currency, which has an official exchange rate of 6.5 kyat to the dollar and a street rate of 800. ❋ John Bussey (2011)

He said there was already evidence that the country's currency was overvalued, even at the unofficial rate, echoing complaints made by Myanmar exporters over the past year who have said a flood of investment related to natural resources has helped push the kyat higher. ❋ Patrick Barta (2012)

A greenback still talked louder than the Myanmar kyat. ❋ Sherrilyn Kenyon (2010)

Seventy-two hours, and the promise of several hundred thousand kyat to grease palms, loosen lips, and open doors, to finally find out what had happened to Carrie Granger. ❋ Sherrilyn Kenyon (2010)

Visitors were mandated to exchange money for Foreign Exchange Certificates at an artificially inflated exchange rate -- I'm talking 8 kyat to the dollar for a Foreign Exchange Certificate in the airport, versus the street value of 800 kyat to the dollar. ❋ Anita Schillhorn Van Veen (2010)

"[that's so] damn Kyat", "the kyatness is [too much] [for me]" ❋ HealthPack (2021)

[Yo guy] let's go [bust a] [KYAT]! Seen? ❋ Hunk3000 (2011)

“[Who the fuck] is [Rina Kyat]?” “They’re this really bad [gamer] who’s really dumb.” ❋ I Love Women And Titties (2021)