MMK information
About Myanma Kyat (MMK)
The Myanma Kyat (MMK), introduced in 1952, is not merely the monetary unit of Myanmar; it represents a crucial aspect of the nation's complex socio-economic narrative. It is commonly abbreviated as MMK and represented by the symbol Ks. Emerging in the post-independence era as a replacement for the Indian Rupee, the Kyat has since navigated through Myanmar's turbulent history, economic reforms, and ongoing challenges.
Historical Background
The introduction of the Myanma Kyat marked a significant milestone in Myanmar’s journey towards economic self-identity after gaining independence from British colonial rule. The Kyat was established to facilitate the development of a nascent economy free from colonial ties and has witnessed several political and economic upheavals since then.
Design and Symbolism
The design of the Kyat reflects Myanmar's rich cultural heritage and national identity. The currency features iconic figures from Myanmar's history, landmarks, and cultural symbols that narrate the country’s storied past and aspirations. These designs not only serve as a medium for financial transactions but also as emblems of national pride and identity.
Economic Role
The Kyat plays a central role in Myanmar’s economy, which is characterized by its agricultural base, natural resource wealth, and more recently, a burgeoning tourism industry. As the primary medium of exchange, it supports various sectors, enabling trade and facilitating economic activities crucial for the country’s development.
Monetary Policy and Inflation
Managed by the Central Bank of Myanmar, the Kyat has faced challenges such as inflation, currency depreciation, and economic sanctions. The central bank's monetary policies are aimed at stabilizing the currency and fostering an environment conducive to economic stability and growth.
International Trade and the Myanma Kyat
The value of the Kyat is significant in international trade, especially for Myanmar's key exports like rice, natural gas, and garments. A stable Kyat is vital for maintaining competitive export prices and attracting foreign investment.
Remittances and Economic Impact
Remittances from Burmese working abroad, particularly in Thailand, Malaysia, and Singapore, are a vital source of income for many families and contribute to the national economy. These funds, exchanged into Kyats, support household incomes and contribute to economic stability.
ICOB to MMK conversion rate trend
Conversion rate comparison of various exchanges
Exchange | Price | Maker / Taker Fee | Tradable |
---|---|---|---|
BitgetBest | Ks1.28 | 0.0200% / 0.0320%VIP 7 |
How to buy ICOBID
Buy ICOB (or USDT) for MMK (Myanma Kyat) offers
Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
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Sell ICOB (or USDT) for MMK (Myanma Kyat) offers
Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
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What factors influence the conversion rate of ICOBID to Myanma Kyat?
ICOBID to Myanma Kyat is rising this week.Conversion tables
The exchange rate of ICOBID is increasing.ICOB to MMK
MMK to ICOB
Today vs. 24 hours ago
Amount | 06:53 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 ICOB | $0.0003046 | $0.0003009 | +2.45% |
1 ICOB | $0.0006092 | $0.0006018 | +2.45% |
5 ICOB | $0.003046 | $0.003009 | +2.45% |
10 ICOB | $0.006092 | $0.006018 | +2.45% |
50 ICOB | $0.03046 | $0.03009 | +2.45% |
100 ICOB | $0.06092 | $0.06018 | +2.45% |
500 ICOB | $0.3046 | $0.3009 | +2.45% |
1000 ICOB | $0.6092 | $0.6018 | +2.45% |
Today vs. 1 month ago
Amount | 06:53 am today | 1 month ago | 1M change |
---|---|---|---|
0.5 ICOB | $0.0003046 | $0.0002831 | +16.15% |
1 ICOB | $0.0006092 | $0.0005663 | +16.15% |
5 ICOB | $0.003046 | $0.002831 | +16.15% |
10 ICOB | $0.006092 | $0.005663 | +16.15% |
50 ICOB | $0.03046 | $0.02831 | +16.15% |
100 ICOB | $0.06092 | $0.05663 | +16.15% |
500 ICOB | $0.3046 | $0.2831 | +16.15% |
1000 ICOB | $0.6092 | $0.5663 | +16.15% |
Today vs. 1 year ago
Amount | 06:53 am today | 1 year ago | 1Y change |
---|---|---|---|
0.5 ICOB | $0.0003046 | $0.0002462 | +60.84% |
1 ICOB | $0.0006092 | $0.0004925 | +60.84% |
5 ICOB | $0.003046 | $0.002462 | +60.84% |
10 ICOB | $0.006092 | $0.004925 | +60.84% |
50 ICOB | $0.03046 | $0.02462 | +60.84% |
100 ICOB | $0.06092 | $0.04925 | +60.84% |
500 ICOB | $0.3046 | $0.2462 | +60.84% |
1000 ICOB | $0.6092 | $0.4925 | +60.84% |
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