plural kyats or kyat
the basic monetary unit of Myanmar (Burma) see Money Table

Examples of kyat in a Sentence

Recent Examples on the Web Closed banks mean no cash at ATMs and thousands of businesses unable to make payroll, taking trillions of kyats (equal to billions of dollars) each month out of circulation. Thant Myint-U, Foreign Affairs, 11 June 2021 Myanmar has banned car imports in an effort to shore up dwindling foreign currency reserves that have been under pressure due to soaring energy and food costs and weakness in the kyat. Khine Lin Kyaw, Bloomberg.com, 16 June 2022 Petrol prices have surged about 350% since the coup in February last year to 2,300-2,700 kyat (about $1) per litre. Reuters, CNN, 18 Aug. 2022 Once approved, traders can buy the currency at at the central bank’s reference rate of 1,850 kyat per dollar. Khine Lin Kyaw, Bloomberg.com, 16 June 2022 The value of the kyat, Myanmar’s currency, has tumbled 20% against the dollar. BostonGlobe.com, 7 Aug. 2021 Ethnic conflicts, violence and instability in the nation formerly known as Burma have left a dollar invested in a kyat at the beginning of the decade worth just 4 tenths of one US cent today. Paul R. La Monica, CNN, 17 Dec. 2019 Although bitcoin has been the star investment of the 2010s, anybody stuck with a spare kyat — the local currency of Myanmar — won't be too happy. Paul R. La Monica, CNN, 17 Dec. 2019 Its key provision allowed street demonstrations if permission was obtained beforehand, with failure to obtain permission punishable by three to six months’ imprisonment and a fine of 30,000 kyats ($22). Washington Post, 5 Mar. 2018

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'kyat.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

Etymology

Burmese cʸat

First Known Use

1952, in the meaning defined above

Time Traveler
The first known use of kyat was in 1952

Dictionary Entries Near kyat

Cite this Entry

“Kyat.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/kyat. Accessed 19 Jul. 2024.

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