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Frequently Asked Questions
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| 1-Q: | What currency do you use in Myanmar? What is the current exchange rate for that currency against the US Dollar? |
| Ans: | The local currency used is called Kyat (pronounced “chat”, abbreviated as Ks). The currency exchange rate is around 1300 Kyats against the US Dollar (as at December, 2007). |
| 2-Q: | I understand that I have to exchange US$200 into FEC (Foreign Exchange Currency) upon arrival in Myanmar. Does this requirement still exist? I was also told that the FEC is worth about 25% less than the US Dollar when changed into Myanmar Kyat. Is this correct? |
| Ans: | No. The requirement to exchange the above specified amount upon arrival no longer exists. It is also not correct that the FEC is worth 25% less than the US Dollar. The FEC is officially equal to the US Dollar in value and so far has similar exchange rates (which sometimes slightly vary) to the local Kyat currency. |
| 3-Q: | During travel in Myanmar, can we be able to use our credit cards? If so, what types of credits are commonly accepted? If not, what types of currencies should we bring? |
| Ans: | Currently, credit cards are not generally accepted in Myanmar. We advise you to bring enough US Dollars for your travel, accommodation, shopping and dining expenses. Some travel agencies and hotels may accept but you have to check with them before you come. |
| 4-Q: | How much should I bring for within country travel? |
| Ans: | The amount of US Dollars you
should bring will depend on your length of stay and
which part of country you will be traveling. We advise
that you consult with you travel agent with regards to
this. Please find here some indicators (excluding Hotel and Airfare, shopping):
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| Head office : No. 170/176, MGW Tower # 02-203 Bo Aung Kyaw Street, 11161, Yangon, Myanmar ( Burma ) Tel : (+ 951) 256949, 392423 Fax : (+ 951 ) 256550 |
Branch office No.69, Sule Pagoda Road, 11182, Yangon, Myanmar Tel : ( 951) 386687, 249187, 374316 Fax : ( 951 ) 374316 24 hours service: 09 8627747 |
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