Saturday, May 30, 2015

Myanmar to Issue New 10,000 Kyat Notes

The Central Bank of Myanmar (CBM) announced on Thursday that a modified 10,000 kyat note will be issued next month to prolong circulation life and prevent forgery.

The new note will not affect any legal tender status of existing notes issued in June 2012, according to a CBM press statement.

The size, basic design and color of the note remains unchanged, but the new bills will have reflective numerals, protective varnish and a watermark picturing a lotus visible upon holding the bill against light.

The new bill will retain security features of the old version, such as a holographic thread that changes from magenta to green when viewed from different angles.

Courtesy THE IRRAWADDY Friday, May 29, 2015

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