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1 Dollar Foreign Exchange Certificate
| Issuer | Central Bank of Myanmar |
|---|---|
| Year | 1993 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Reference(s) | P-FX1 |
| Obverse description | Teal and grey guilloche underprint dominates the centre, with a large rosette vignette at left incorporating the numeral "1". A standing nat (guardian deity) figure rises at right within a decorative border panel. Burmese script legends and the English inscription "Equivalent to US$ 1." appear in the central field. |
|---|---|
| Obverse lettering | မြန်မာနိုင်ငံတော်ဗဟိုဘဏ် နိူင်ငံခြားငွေလက်မှတ် အမေရိကန် တစ်ဒေါ်လာနှင့်ညီမျှသည်။ 1 Equivalent to US $ 1. |
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| Comments |
Myanmar's Foreign Exchange Certificates were introduced in 1993 as part of the military government's attempt to capture hard currency from tourists while keeping the kyat insulated from official dollar exposure. Visitors were required by law to exchange a minimum amount of US dollars into FECs upon entry — the certificates traded at par with the dollar officially, but on the street the rate was another matter entirely.
The FEC system was abolished in 2003, and the certificates were demonetized. Unspent examples survived in tourist pockets more often than through any formal preservation effort.