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1-Q |
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What currency do you use in Myanmar ? What is the current exchange rate for that currency against the US Dollar? |
Ans: |
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The local currency used is called Kyat (pronounced “chat”, abbreviated as Ks). The currency exchange rate is fluctioned. We are happy to inform you about the prevailing rate in time. |
2-Q |
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I had heard 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: |
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The requirement to exchange the above specified amount upon arrival no longer exists. There is no compulsory exchange in place. 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 |
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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: |
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Currently, credit cards are not accepted in Myanmar . We advise you to bring enough US Dollars for your travel, accommodation, shopping and dining expenses. |
4-Q |
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If the use of credit cards is not permitted in Myanmar , how much should I bring for within country travel, food and lodging, and shopping expenses? |
Ans: |
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The amount of US Dollars you should bring will depend on your length of stay and in which part of the country you will be traveling. We advise that you consult with you us directly with regards to this. |
