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punish them quite
bad, throwing them into the jail. They are
blamed of playing with the money and coursing
the havoc.
That leads to the
situation that many money changer are constantly
on the run and a cat and mouse game is on, so
they cant find them, its a Kafkaesk situation.
A other thing on
this subject, when someone arrive at the airport
there are some official money changer in the
arrival hall, never change money there, they
will only give you about half of the actual
black market rate.
 
The best to change money is to go to the bogyoke
market and ask in one of the shops, they will
help or tell you where to go, don't listen to
the guys whispering ..change money.. they will
cheat you, ask at least at 2 places.
A other big problem related to the money is one
cant use any credit card in Myanmar - Burma to
substitute the currency problem somehow. After
the US etc. imposed economic sanctions all
financial transaction channels where cut. That
means no credit card, no wire transaction, no
money movement in and out of Myanmar - Burma.
Since there is always a way around sanctions now
the system works somehow like the Pakistani and
Indians are doing it for already a very long
time.
If someone wants to send money abroad they bring
the money physically to a person in Myanmar,
this person informs his friend, lets say in
Singapore he has received a certain amount and
maybe tomorrow someone get in touch
with this Singapore contact and the Singapore
contact pass the money to the particular person,
that works quite well but naturally is clumsy
somehow.
Current exchange rate is 1US $ = 1176,- kyat.
FEC is 0.98 US$ is
all at e-books
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