Currency, ATMs, and Payments in Myanmar

The official currency of Myanmar is the Kyat (MMK). Cash is still the primary method of payment, especially outside major cities. While credit and debit cards are becoming more accepted in larger hotels, restaurants, and high-end shops in Yangon, Mandalay, and tourist areas like Bagan, cash remains essential for most transactions.

Cash: It’s recommended to carry enough cash, particularly small denominations for markets, taxis, and rural areas. US dollars (new, clean bills) are also widely accepted at hotels and travel agencies.

ATMs: ATMs are available in major cities and airports. International cards (Visa, MasterCard, sometimes UnionPay) are accepted at many ATMs, though withdrawal fees apply, and connectivity issues can happen. Always have backup cash just in case.

Credit Cards: Some high-end hotels, luxury restaurants, and souvenir shops accept credit cards with a small surcharge. However, don't rely solely on cards, especially in smaller towns.

Mobile Payments: Mobile wallets and apps like KBZPay are growing in popularity, mostly in urban areas, but they are not yet widely used by tourists.

Money Exchange: Exchange US dollars or euros at official money changers or banks. Avoid street exchanges for safety and better rates.

Quick Tips:

Bring new, crisp US dollar bills (no folds, stains, or tears) if planning to use or exchange them.

Always keep some cash for emergencies.

Double-check ATM withdrawal limits and fees with your bank before traveling.

FAQ

What currency is used in Myanmar?

Myanmar uses the Myanmar Kyat (MMK) as its official currency. Banknotes are commonly available in 1,000, 5,000, and 10,000 kyat denominations. Coins are rarely used.

Can I use US dollars in Myanmar?

In most cases, no. US dollars were widely accepted in the past, but today MMK is required for daily transactions. Some hotels and tour operators may quote prices in USD, but payment is usually requested in kyat.

What is the exchange rate between USD and MMK?

The exchange rate varies significantly between the official rate and the market rate. The Central Bank of Myanmar publishes an official rate, while informal market rates may be much higher. Always check current rates before exchanging money.

Are ATMs available in Myanmar?

Yes, ATMs are available in major cities such as Yangon, Mandalay, and Naypyidaw, but availability is limited in rural areas. Many ATMs experience cash shortages or outages.

Do Myanmar ATMs accept foreign cards?

Some ATMs accept Visa, Mastercard, and UnionPay, but foreign cards are not always reliable. Transactions may fail, and withdrawal limits are often low.

How much can I withdraw from an ATM in Myanmar?

Most ATMs allow withdrawals between 200,000 and 300,000 MMK per transaction, with additional fees charged by both local banks and your home bank.

Are ATM fees high in Myanmar?

Yes. Local ATM fees typically range from 5,000 to 6,500 MMK per withdrawal, in addition to any international bank fees.

Can I pay by credit or debit card in Myanmar?

Card payments are very limited. Only a small number of high-end hotels, airlines, and international businesses accept cards. Most restaurants, shops, and transport services accept cash only.

Is mobile payment popular in Myanmar?

Yes. Mobile wallets such as KBZPay and Wave Money are widely used by locals, especially in cities. However, these services usually require a local phone number and bank account, making them difficult for tourists to use.

Should I bring cash when traveling to Myanmar?

Yes. Travelers are strongly advised to bring enough cash for their stay. Clean, undamaged US dollar bills (new series) are preferred for exchange.

Where can I exchange money in Myanmar?

Money can be exchanged at:

Licensed money changers
Some hotels
Private exchange counters

Avoid street money changers unless you fully understand the risks.

Are old or damaged US dollar bills accepted?

No. Myanmar money changers often reject old, torn, or marked US dollar bills. Only clean, crisp notes—preferably issued after 2009—are accepted.

Is it safe to carry cash in Myanmar?

Carrying cash is common due to limited banking services. Use hotel safes when available and avoid displaying large amounts of money in public.

Can foreigners open a bank account in Myanmar?

In general, foreigners cannot easily open local bank accounts, unless employed by a registered company or organization in Myanmar.

Do exchange rates change frequently?

Yes. Exchange rates can change daily or even hourly, especially during periods of economic or political instability.

Is there a cash shortage in Myanmar?

At times, yes. Cash shortages occur due to banking restrictions and high demand. This can affect ATM availability and withdrawal limits.

Are online payments reliable in Myanmar?

Online payments are not reliable. Many international platforms do not work consistently due to banking restrictions and sanctions.

What is the best way to pay for hotels in Myanmar?

For local hotels, cash payment is often required. International hotel chains may accept cards, but cash is still recommended as a backup.

Do prices differ for locals and foreigners?

Sometimes. Tourist services may quote prices in USD or higher MMK rates, especially in popular destinations.

Is the official exchange rate realistic?

Often no. The official rate may differ significantly from real market rates used by money changers.

What should I avoid when handling money in Myanmar?

Avoid:

Relying solely on ATMs
Carrying damaged foreign currency
Exchanging money with unknown individuals

Is cryptocurrency legal in Myanmar?

No. Cryptocurrency is not legally recognized and its use is restricted.

What is the safest payment method in Myanmar?

For most travelers, the safest method is:

Cash in MMK, with
USD as backup for exchange

Do I need small bills in Myanmar?

Yes. Small kyat denominations are useful for taxis, street food, and local shops.

Is tipping common in Myanmar?

Tipping is not mandatory, but small tips are appreciated in hotels, restaurants, and by tour guides.