According to the latest kyat exchange, the formula of Myanmar currency to RMB is: 1 kyat (MMK) = 0.0036 RMB (CNY).
In other words, 10,000 kyat can be exchanged for 36 yuan.
Kyat, which is the name of the currency circulating in Myanmar, has denominations of 50 cents and 1, 5, 10, 20, 50, 100, 200, 500, 1000, 5000 and 10,000 Kyat.
The ISO code of the Burmese currency is MMK, and the banknote is issued by the Central Bank of Myanmar.
On February 3, 2021, three days after the military takeover in Myanmar, the Burmese currency plunged.
By noon today, the exchange rate had fallen from 1,330 kyat to 1,390 kyat to the dollar.
By the end of the day, it had exceeded 1400 kyat to 1 US dollar [2].
On December 14, 2021 local time, the Central Bank of Myanmar issued a notice in accordance with Articles 17 and 22 of the Management Law of Myanmar, allowing the direct use of renminbi and Burmese currency for trade settlement in the border areas between China and Myanmar.
Fed muted European minutes in focus, two months of news to guide oil market outlook.
Please pay attention to the specific operation, the market is changing rapidly, investment needs to be cautious, the operation strategy is for reference only.
