100 Kyats

The Union of Burma Bank replaced the People's Bank of Burma as the sole issuing authority following the 1975 restructuring of Burma's state banking system under Ne Win's socialist government. This 100 Kyat note belongs to the series introduced shortly after that reorganization — a bureaucratic rebranding more than a monetary reset, with the underlying currency framework unchanged.

The Kyat had been a closed currency since 1964, when all foreign exchange transactions were nationalized and private banking abolished. Notes from this period circulated in an economy where parallel black-market rates routinely dwarfed the official rate by a factor of ten or more.