The currency of Myanmar is the kyat, abbreviated as MMK. It has been the official currency since 1952, although the country has undergone various economic changes and reforms impacting its value and circulation. The kyat is subdivided into 100 pyas, though the pya coins are rarely used in everyday transactions. Myanmar's economy has faced challenges, including inflation and exchange rate fluctuations, influencing the kyat's purchasing power. The central bank of Myanmar regulates currency issuance and monetary policy, playing a crucial role in stabilizing the economy amid ongoing political and social changes.