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 Chinthe (Burmese word for lion); the Chinthe leograph is a highly stylized lion that frequently appears in Burmese iconography and construction, particularly as a pair of guardians flanking Buddhist pagodas and kyaungs (or Buddhist monasteries).
The reverse of the note illustrates two men painting a General Mahabandoola statue; the General Maha Bandula (1782 – 1825) was commander-in-chief of the Royal Burmese Armed Forces in the First Anglo-Burmese War. The lettering of the note is presented in the Burmese and English languages. This note is part of the 2004 series, and its color is brown, purple-brown and ochre on a multicolor underprint.
Text: မြန်မာနိုင်ငံတော်ဗဟိုဘဏ် 500, CENTRAL BANK OF MYANMAR 500