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500 Kyats
| Issuer | Central Bank of Myanmar |
|---|---|
| Year | 2004 |
| Type | Standard circulation banknote |
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|---|---|
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| Reverse description | A central intaglio vignette illustrates artisans casting bronze and working on a standing statue of General Mahabandoola, set within a workshop scene with additional figures and a traditional building visible in the background. The composition is framed by elaborate green and purple guilloche borders with scrollwork at the corners. The issuer name appears in a dark band across the top and the denomination legend in a matching band at the foot of the note. |
| Reverse lettering | CENTRAL BANK OF MYANMAR FIVE HUNDRED KYATS 500 |
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| Comments |
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P#79 is a relatively short-lived type, superseded by updated issues as Myanmar's banking sector was gradually, haltingly liberalized through the late 2000s.