kyat

[kyaht, kee-aht]

noun

1. a paper money, cupronickel coin, and monetary unit of Myanmar (Burma), equal to 100 pyas.

kyat

/ kɪˈɑːt /

noun

1. the standard monetary unit of Myanmar, divided into 100 pyas

Word History and Origins

Origin of kyat¹

First recorded in 1950–55; from Burmese cyat (written kyap )

Word History and Origins

Origin of kyat¹

from Burmese

Example Sentences

Myanmar’s kyat has depreciated sharply against the U.S. dollar and other currencies, raising prices for many necessities, while restrictions on trade and movement and active fighting have disrupted farming.

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It said the military administration’s efforts to attract foreign exchange and stabilize Myanmar’s currency, the kyat, have “generally been ineffective,” causing uncertainty and distorting markets.

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The Central Bank’s official exchange rate is set at 2,100 kyats to the dollar.

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The report said households faced severe pressure due to lower purchasing power and higher food and fuel prices, with the kyat currency plunging around 31% against the U.S. dollar.

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The kyat’s value dropped by about a quarter in June-December last year and has less than half the value it had two years earlier.

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