MMK (Myanmar Kyat)

MMK (Myanmar Kyat)
The currency abbreviation for the Myanmar kyat (MMK), the currency for Myanmar. The Myanmar kyat is made up of 100 pya and is often presented with the symbol K. Pya coins are very rare, but notes up to 1,000 kyat are commonly used.

The Burmese kyat replaced the Indian rupee at par in 1952, but for many years a strong black market for the new currency forced the government to demonetize several times. In May of 1964, the 50 and 100 kyat notes were demonetized, and in 1985 the 20, 50, and 100 kyat notes were demonetized. The last demonetization occurred in 1987, when the government demonetized the 25, 35, and 75 kyat notes, rendering three quarters of the country's currency valueless.

The modern Myanmar kyat was introduced in 1989 without a demonetization of the prior currency and is still in use today.

Investment dictionary. . 2012.

Look at other dictionaries:

  • MMK — can mean multiple things: Makkal Manadu Katchi Regional political party in India Magnitogorsk Iron and Steel Works (Магнитогорский металлургический комбинат), one of Russia s largest steel companies. Mūlamadhyamakakārikā. Myanmar kyat, the ISO… …   Wikipedia

  • MMK — Myanmar Kyat (Regional » Currencies) * Murmansk, Russia (Regional » Airport Codes) * MadGoat MaKe utility (Computing » Software) * Money Matters for Kids (Community » Educational) …   Abbreviations dictionary

  • MMK — In currencies, this is the abbreviation for the Myanmar Kyat. The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion …   Investment dictionary

  • Kyat birmano — en Idioma birmano Antiguo billete de 75 kyats …   Wikipedia Español

  • Kyat — Staat: Birma Unterteilung: 100 Pya ISO 4217 Code: MMK Abkürzung: K Wechselkurs: (1. Nov 2011, offizieller Kurs) 1 EUR = 8,922 MMK 1 MMK = 0,11208 EUR …   Deutsch Wikipedia

  • Kyat — Unité monétaire moderne actuelle Pays officiellement utilisateur(s)  Birmanie Appellation locale Kyat Code ISO 4217 MMK …   Wikipédia en Français

  • MMK — Cette page d’homonymie répertorie les différents sujets et articles partageant un même nom.   Sigles d’une seule lettre   Sigles de deux lettres > Sigles de trois lettres   Sigles de quatre lettres …   Wikipédia en Français

  • MMK — The ISO 4217 currency code for the Myanmar (ex Burma) Kyat. Bloomberg Financial Dictionary …   Financial and business terms

  • Burmese kyat — (Burmese) …   Wikipedia

  • Myanma kyat — Infobox Currency currency name in local = my icon image 1 = 1 Kyat.jpg image title 1 = 1 kyat (1990) image 2 = image title 2 = 1000 kyat (2004) iso code = MMK using countries = BIR inflation rate = 39.5% inflation source date =… …   Wikipedia

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