Black Market Dealers Changing US Dollars to Myanmar Kyat

There are between 100 to 200 black market currency dealers in Myanmar who make a living exchanging US dollars to Myanmar Kyats.

In 2013, international credit card companies entered the Myanmar market and began installing ATM machines, threatening the currency brokers. As of July 2013, Visa had over 150 ATMs in Myanmar and MasterCard has over 140 ATMs.

Source:  Simon Roughneen, “From Black Market to Stock Market: Changing Times for Money Changers and Tourists in Rangoon,” Irrawaddy, July 5, 2013.