The Central Bank of Myanmar will issue a new type of “twenty-thousand-kyat” banknote starting from 31 July 2023, and in commemoration of the completion of the Maravijaya Buddha Image, which was built to show the brightness of the Theravada Buddhism firmly shining in Myanmar, for Myanmar to be a focal point of Theravada Buddhism and to bring peace to the country and the world, and in celebration of the one-year birthday of a white elephant, “Rattha Nandaka,” born on 23 July 2022.
Such a banknote will be issued in a limited number and will be distributed only by exchange of the same value with various types of old banknotes that should not be appropriate for circulation in Myanmar. This process will be carried out initially at the Central Bank of Myanmar in Nay Pyi Taw, the Yangon branch, and the Mandalay branch. Current valid currency notes and changes will continue to stand as official currency.
The information about the new banknotes has been officially published in the daily government newspapers.
Source: The Global New Light of Myanmar (22-7-2023)
- The Central Bank of Myanmar will issue a new type of “twenty-thousand-kyat” banknote starting from 31 July 2023, and in commemoration of the completion of the Maravijaya Buddha Image, and in celebration of the one-year birthday of a white elephant, “Rattha Nandaka”.
- Such a banknote will be issued in a limited number and will be distributed only by exchange of the same value with various types of old banknotes that should not be appropriate for circulation in Myanmar.
- Current valid currency notes and changes will continue to stand as official currency.