Myanmar's 500 Kyat notes of this period circulated during the final years of the State Peace and Development Council's tightest economic controls, when the official exchange rate was held at roughly 6 kyats to the dollar while the black market rate exceeded 1,000. The practical result was a note whose face value meant radically different things depending on which economy you were operating in.
P#79 is a relatively short-lived type, superseded by updated issues as Myanmar's banking sector was gradually, haltingly liberalized through the late 2000s.
Myanmar's 500 Kyat notes of this period circulated during the final years of the State Peace and Development Council's tightest economic controls, when the official exchange rate was held at roughly 6 kyats to the dollar while the black market rate exceeded 1,000. The practical result was a note whose face value meant radically different things depending on which economy you were operating in.
P#79 is a relatively short-lived type, superseded by updated issues as Myanmar's banking sector was gradually, haltingly liberalized through the late 2000s.