The kyat (, US: or ; Burmese: ကျပ် [tɕaʔ]; ISO 4217 code MMK) is the currency of Myanmar (Burma). It is often abbreviated as "K" (singular or plural) or "Ks" (plural), which is placed before or after the numerical value, depending on author preference. The term kyat derives from the ancient Burmese unit kyattha, equal to 16.3 grams of silver.
Myanmar's High Court has ruled that two jailed Reuters reporters can appeal their convictions on charges of violating the country's law that prohibits the gathering of secret documents to help an enemy, VOA reported.
Action will be taken against those who do not adhere to a new kyat payment rule when dealing in domestic transactions. This includes trade at the border areas, Vice Governor of the Central Bank of Myanmar (CBM) U Bo Bo Nge said on August 28.
On Monday, July 13, 2015, the Central Bank of Myanmar made a favourable decision to narrow the gap between the reference exchange rate and market rate. It is a good occasion for us to reconsider whether or not we should worry about the weakening of Myanmar kyat against US dollar.