The kyat is the official currency of Myanmar. The official currency symbol: K or Ks. The term “kyat” originates from the ancient Burmese unit ‘’kyattha’’.
The kyat had been introduced in three stages; the first kyat was introduced in 1889. It was made in silver and equivalent to the Indian rupee, which substituted the kyat after Burma was occupied by the British. The second kyat was introduced in 1943, after the Japanese occupation of Burma in 1942, but then the currency lost its value at the end of the war due to the reintroduction of the Burmese rupee in late 1945. The last and current kyat was introduced in 1952, replacing the Indian rupee at the same time, this kyat had a process of decimalization, and it was subdivided into 100 pya. Today are kyat banknotes circulating in denominations of 50 pyas, K1, K5, K10, K20, K50, K100, K200, K500, K1000, K5000, K10,000.
The 500 Myanmar kyats note front design features the portrait of Bogyoke Aung San (1915 – 1947) was a Burmese politician, independence activist, revolutionary and the founder of the Myanmar Armed Forces. Aung San is considered the Father of the Nation of modern-day Myanmar.
The reverse of the note illustrates the Central Bank of Myanmar headquarter, located in Naypyidaw (Capital city). The lettering of the note is presented in the Burmese and English languages. This note is part of the 2020 series, and its color is red, brown, and rose on a multicolor underprint.
Text: မြန်မာနိုင်ငံတော်ဗဟိုဘဏ် 500, CENTRAL BANK OF MYANMAR 500