Myanmar to release new top-denomination banknote

Central Bank of Myanmar
Central Bank of Myanmar
Photo: Bjoertvedt/Wikimedia Commons

Myanmar’s central bank will introduce a new 20,000 kyat banknote, it announced on July 24. The note will become the highest-value paper money in circulation.

The new bill carries an image of Rattha Mandaka, a white elephant born in July 2022. The note will mark the elephant’s first birthday.

In parts of South-east Asia, white elephants are seen as symbols of good fortune. An official newspaper, the Global New Light of Myanmar, described Rattha Mandaka as the “precious white elephant beloved by

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.