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5 Dollars Foreign Exchange Certificate

Uitgever Central Bank of Myanmar
Jaar 1993
Type Exchange certificates
Waarde Log in om details te zien
Valuta Log in om details te zien
Samenstelling Log in om details te zien
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Vorm Log in om details te zien
Drukker Log in om details te zien
Ontwerper(s) Log in om details te zien
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Beschrijving voorzijde Log in om details te zien
Opschrift voorzijde မြန်မာနိုင်ငံတော်ဘဏ်သည်
နိုင်ငံခြားငွေလက်မှတ်
အမေရိကန်ဒေါ်လာနှင့် ညီမျသည်
5
Equivalent to US$ 5.
Beschrijving keerzijde Log in om details te zien
Opschrift keerzijde CENTRAL BANK OF MYANMAR
FOREIGN EXCHANGE CERTIFICATE
FIVE
5
"This certificate can only be used within the Union of Myanmar and is convertible. No claim on any loss whatsoever of the certificate will be considered by the Central Bank of Myanmar."
Handtekening(en) Log in om details te zien
Beveiligingstype Log in om details te zien
Beschrijving beveiliging Log in om details te zien
Varianten Log in om details te zien
Opmerkingen

Myanmar's Foreign Exchange Certificates were introduced in 1993 as part of a government policy requiring tourists to exchange a minimum sum of hard currency upon entry — initially set at US$300. The FECs, as they became known, were non-convertible back into foreign currency and could not legally be taken out of the country, trapping visitors' money within a state-controlled spending system. Officially pegged at par with the US dollar, they traded at a significant discount on the parallel market almost immediately.

The scheme was deeply unpopular and widely criticized by human rights organizations as a mechanism funneling tourist dollars directly to the military government. It was abolished in 2003.

MISSCHIEN OOK INTERESSANT