MT News
The Central Bank of Myanmar will issue new 20,000 Kyats banknotes as of 31 July 2023, according to the statement released by CBM on 23 July 2023.
The new banknote is to commemorate the completion of erection Maravijaya Buddha Image with the aims of showing the flourishing of Theravada Buddha Sasana to the world, shaping Myanmar as a focal point of Theravada Buddhism, ensuring the prosperity of the State, and ensuring peace and prosperity in the world and the one year birthday anniversary of Royal White Elephant “Rattha Nadaka” which was born on 23 July, 2022, the statement said.
The banknote will be issued in limited quantity and distributed by changing with old banknotes in equivalent value. First, the new banknote will be distributed by changing with old ones in equivalent value at the CBM in Nay Pyi Taw, branches in Yangon and Mandalay.
The current circulating banknotes will remain unchanged, it stated.
The features of the new banknote are as follow:
Dimension of new 20,000 Kyats Banknote: 15 x 7 cm
Dominant Colour: Light Green
Obverse Side: At the upper part of the note, the “CENTRAL BANK OF MYANMAR” is printed. In the middle portion of the obverse side, Yadana white elephant in Myanmar artistic style is printed and the value of the note “20000” Kyats in Myanmar language is inserted on the right side of the note. At three corners of the note, the value of the currency note in the figure is mentioned. Bank Note numbers are printed in the Myanmar horizontally and English vertically. The note bears the Watermark image of head of Yadana white elephant is inserted on its left side. On the obverse side of both-edge are printed 12 short lines of tactile feature for the blind.
Reverse Side: The note bears the illustration of Sagaing Bridge and Ayawaddy Bridge (Yadanabon) on the reverse side of the note and “CENTRAL BANK OF MYANMAR” is inserted on the top of the note and TWENTY THOUSAND KYATS” is seen on the lower part of the note. At three corners of the note, the value of the currency note in the figure is printed. On the reverse side, a security thread, a dynamic colorshift that can be seen from any tilting angle, changed from gold to green is embedded upright in the note.
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