- Very Expensive Travel Destination
Myanmar has a reputation for being a very expensive travel destination. Let’s start with the good news – That’s bullshit.
- Spent a Month Traveling in Myanmar
We visited Myanmar for a month and kept a close eye on what we were spending.
- Stay at Luxury Accommodations
Of course, if you stay in luxury accommodation you can leave a lot of money in Myanmar.
- Western Food
Get chauffeured around by a private driver, and eat nothing but Western food.
- Shoestring as a Backpacker
But you can easily travel across Myanmar as a shoe back backpacker
- Transport Is Cheap
Public transportation is cheap and so is the food at local restaurants. Simple accommodation does not cost you an arm or a leg.
- Decent Mid-Range Hotels
We took the middle road. We stayed at decent mid-range hotels, often ate at simple restaurants, but now and again we indulged in life’s little luxuries.
- Travel Expenses for Myanmar
In the post, we reveal how high our travel expenses for Myanmar were.
- Learn Everything
You will also learn everything there is to know about money in Myanmar.
- Affair in Myanmar
Money was an extremely complex task in Myanmar tour packages.
- Carry Huge Stack of US Dollars
Up until a few years ago, there were no ATMs in the country and you had to carry around a huge stack of US dollars in cash everywhere you went.
- No Need to Lose Any Sleep over Money
Fortunately, things have changed since then, so there is no need to lose any sleep over money anymore.
- Local Currency is the Kyat
The official local currency is the kyat. Working out the conversion rate in your head is not all that simple because 1000 kyat is worth about 70 euro cents.
- Probably Come Across the Bills Quite
You will probably come across the following bills quite a bit during your time in Myanmar – 50 kyat, 100 kyat, 200 kyat, 500 kyat, 1000 kyat, and 5000 kyat.
- Most ATMs Dispense
10,000 kyat notes were also recently introduced and most ATMs dispense them nowadays.
- Become Widespread
We have never held a 10000 kyat in our hands because it is only recently that they have become so widespread.
- Smaller-Denomination Bills
There are even smaller-denomination bills and coins in circulation.
- Going to be Seeing
But they are worth so little that you are probably not going to be seeing them around. We certainly didn’t.
- Particularly Valuable
As you can tell by now, the bills are not particularly valuable.
- Banknote Denomination
The largest common banknote denomination of 5,000 kyat is only worth about 3.50 Euros.
- Having a Huge Wad
So get used to the idea of having a huge wad of cash on you all the time.
- Best Bet is to Do
Your best bet is to do what the locals do – Fold the notes together and carry them around loose in your pocket, the smaller notes on the outside, and the larger ones on the inside.
- Comfortable and Safe
If for safety reasons you are not comfortable doing it, we recommend purchasing this travel safety bag that can be tucked into the back of your waist.
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