Sunday 18 December 2016

Burma Banknote. - Third Kyat, 1972-1988

In 1952, the Union Bank of Burma formed a Currency Board which took over control of the issuing of currency and a more important change to the currency was the introduction of the decimal system in which 1 kyat was decimalised into 100 pyas.[11] On 12 February 1958, the Union Bank of Burma introduced the first kyat notes, in denominations of 1, 5, 10 and 100 kyats. These were very similar in design to the last series of rupee notes, issued earlier. Later on, 21 August 1958, 20 and 50 kyats notes were introduced. The 50 and 100 kyat notes were demonetised on 15 May 1964. This was the first of several demonetisations, ostensibly carried out with the aim of fighting black marketeering.

 1972 - 1988 Series
Burma 5 Kyats Banknote
Burma 5 Kyats Banknote
Burma 5 Kyats Banknote
Bought at Jatujak Market for 50Baht.

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