The Republic of the Union of Myanmar

Central Bank of Myanmar

CBM announces news about small notes incorrect

CBM announces news about small notes incorrect

It is learnt that rumours are spreading recently that, among the notes of the Central Bank of Myanmar, small notes _ five-kyat note, 10-kyat note, 20-kyat-note and 50-kyat note_will be withdrawn from circulation. The functions and duties of the Central Bank Prescribed in sub para (a) of para (8) of Functions, Duties and Powers of the Central Bank of Chapter (3) of the Central Bank of Myanmar Law 1990 include acting as the sole issue of domestic currency, either bank notes or coins. Likewise, para (45) of Chapter (6) says that If it is necessary to withdraw any currency notes or coins in circulation the Central Bank may, with the approval of the Government issue a declaration informing the public in advance and call in such currency notes or coins on payment of the face value thereof. At present, there is no plan to revoke any banknotes by the Central Bank of Myanmar. That's why, it is announced that all banknotes ranging from one-kyat note to 10000-kyat note in circulation are legal, except for banknotes which were withdrawn from circulation from 1952 to date.

Central Bank of Myanmar

Weighted-average (WA) Market Exchange Rate

MMK per USD - Date 26th November 2020

Reference Exchange rate
(WA market rate)
Interbank Market WA rate 1,315.0
Bank-customer Market WA rate


CBM announces daily Reference Exchange Rate every working day at 4:00 PM, based on deals between 9:00 AM and 3:00 PM.

  • Methodology on determination of Reference Exchange Rate is available here

MMK Exchange rate for other currencies are available here (

Interest Rate(%)
Central Bank Rate 7%pa
Minimum Bank Deposit Rate 5%pa

Maximum Bank Lending Rate (Secured)

Maximum Bank Lending Rate (Unsecured)




Economic Indicators (%)
GDP Growth Rate
2018-2019 FY
(October to September)
6.80 %
Annual Rate of Inflation
(August 2020)
6.43 %
Year on Year Inflation
(August 2020)
1.84 %

     Source : Ministry of Planning and Finance