Sentence examples for kyats from inspiring English sources

In 1980, when I passed through as a backpacker, it was possible to exchange a fifth of Johnnie Walker Red and two cartons of Marlboros on the black market for enough kyats, the local currency, to travel in Burma for a week.

After exchanging the required amount of a hundred dollars for Burmese kyats at an extortionate official rate, I got in a taxi and immediately sold the goods to the driver for black-market currency.

Demand for hotel space in Yangon also has surged over the past two years: An upper-end room that in 2010 cost less than 43,750 Myanmar kyats, or $50, a night now costs more than three times as much, said Tony Picon, associate director at the Colliers office in Thailand.

Demand for Yangon's six serviced apartments also is "extremely high," Colliers reported last year, and Mr. Picon said in July that the starting monthly rate for a serviced studio apartment, at 2.19 million kyats, or about $2,500, is nearly double what it was just one year ago.

Nearly all of the approximately 500 units put on the market so far, at 70 million kyats to 215 million kyats per unit, have sold, Mr. Hlaing said.

From there, they will be released by paying around 30 lakhs kyats [about £2,000].

But that figure looks like fantasy and is certainly not reflected in the value of the currency, the kyat, which is in danger of collapsing.

But many workers say that production has dwindled; the talk is of lay-offs, unpaid leave and the cancelling of overtime, on which most rely to make any savings.The value of their remittances has been further eroded by the appreciation of Myanmar's currency, the kyat.

A flood of hot money chasing property, gems and state assets, coupled with buoyant oil and gas prices, has seen the once-lowly kyat rocket.

It is counted at each step no small task, given that Myanmar's largest note is 10,000 kyat, worth $10.

Business lobbies have called for more aggressive action by Myanmar's central bank to manage the kyat.