Changes In Burmese Currency From Japanese Period To Post-war Period

In Japanese period, from 1942 to 1945, after the entry of Fascist Japan into Burma, Indian currency notes were de-officialized. Then, without backing, they printed an infinite amount of Japanese paper money.

In Post-war era, after the Second World War in 1945, the British returned to Burma and the British Military Administration declared Japanese banknotes illegal. British martial law on Indian notes; Only valid in Burma – the document was reprinted and special banknotes were issued for Myanmar.

At that time, martial law notes, All notes issued by the Reserve Bank of India for Burma and Indian notes are legal tender in Burma. 1946- On December 31, 1,000-tonne and 10,000-tonne currency notes ceased to be valid.

On March 31, 1947, the association with Rizat Bank of India was terminated and the Burmese Banknote Board was established. As members:
(1) A Chairman appointed by the Governor.
(2) 2 members born in Myanmar.
(3) One member appointed by the Minister of the British Association for Myanmar.
(4) Includes one member appointed by the Governor of the Bank of England.

Today’s kyat

The Kyat money used today was introduced on July 1, 1952, and one Kyat has 100 flats.
Banknotes are used as a medium for trading goods and are made of paper and have a fixed value.

Banknotes are used in various countries around the world. Almost every country has its own set of banknotes. Banknotes have been used in Myanmar since colonial times.

Despite being a province of India during the colonial period, banknotes were produced exclusively for Burma. “It can be used in Burma” and released. Rupees were used in those days. There are 10 cents in 1 rupee.

There are 16 Annas in 1 Rupee.
In 1944, the name and notes of the “Government of Japan” Banknotes issued with the name “State Bank of Burma”. In Japan, only rupees were used.

Later, Kyat came into use. There are 100 plates in 1 kyat. In 1948, one kyat was issued with the name “Government of Burma” and in 1953, the design was not changed, but the name was changed to “Union of Myanmar State Bank”.

Another difference is that the 50,000 kyat notes issued in 1994 and 100,000 kyat notes issued in 1998 were re-issued in 2004 without changing the design.

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