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In 1983, a new series of coins was issued in bronze or brass 5, 10, 25, 50 pyas and cupro-nickel 1 kyat. These were circulated until being discontinued in 1983. However, they retained the same shapes and overall appearance of the previous series of coins. Furthermore, the coins were slightly reduced in size. In 1966, all coins were redesigned to feature Aung San on the obverse and were all changed in composition to aluminium.
![myanmar language 1288 violet myanmar language 1288 violet](https://www.depts.ttu.edu/pss/_resources/ldp/images/.private_ldp/a230628/production/master/b33f2cd3-5f88-411b-bad6-3aabe09117e3.jpg)
For table standards, see the coin specification table. These images are to scale at 2.5 pixels per millimetre. Value (digit),Value (writing), year of minting, Myanmar flower designs The new coins bore the same obverse figure of the Chinthe from the Second kyat coins and the same reverse design, with the value of the coin in Myanmar writing and numerals surrounded by Myanmar flower designs. In 1956, coins were introduced in denominations of 1, 5, 10, 25 and 50 pyas and 1 kyat. Further gold coins were issued in 1866 for 1 pe, 2 + 1⁄ 2 mu and 1 kyat, with 5 mu issued in 1878. In the 1860s and 1870s, lead coins were issued for 1⁄ 8 and 1⁄ 4 pya, with copper, brass, tin and iron 1⁄ 4 pe (1 pya) and copper 2 pya. The reverse contained the denomination and mint date (in the Burmese era, which starts from AD 638). The obverses bore the Royal Peacock Seal, from which the coins got their name. Silver coins were minted in denominations of 1 pe, 1 mu (2 pe), 1 mat (4 pe), 5 mu (8 pe) and 1 kyat, with gold 1 pe and 1 mu. In 1852, Mindon, the second last king of Burma, established the Royal Mint in Mandalay (Central Burma). Decimalisation also took place, with the kyat subdivided into 100 pya. The present kyat was introduced on 1 July 1952.
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The currency became worthless at the end of the war when the Burmese rupee was reintroduced in 1945. This was later replaced by banknotes in all kyat denominations. When the Japanese occupied Burma in 1942, they introduced a currency based on the rupee. The silver kyat was equivalent to the Indian rupee, which replaced the kyat after Burma was conquered by the British. Nominally, 16 silver kyats equal 1 gold kyat. It was divided into 16 pe, each of 4 pya, with the mu and mat worth 2 and 4 pe, respectively. The kyat was a denomination of both silver and gold coinages in Burma until 1889. On 20 March 2013, the Finance Ministry announced that it would abolish Foreign Exchange Certificates (FEC), which were mandatory for tourists to buy at least US$200 worth of until 2003, a measure used to stop visitors from exchanging on the black market. On 2 April 2012, the Central Bank of Myanmar announced that the value of the kyat against the US dollar would float, setting an initial rate of K 818 per US dollar. The black market exchange rates (USD to MMK) decrease during the peak of the tourist season in Burma (December to January). However, the street rate (black market rate), which more accurately took into account the standing of the national economy, has varied from 750 kyats to 1335 kyats per USD (985 to 1475 kyats per EUR). From 2001-2012, the official exchange rate varied between 5.75 and 6.70 kyats per US dollar (8.20 to 7.00 kyats per euro).