If you are visiting Myanmar, you will find yourself trying to find a money exchange to change your foreign currency into Myanmar kyat. Although US dollar is universally accepted, small vendors will be reluctant to accept US dollars because of difficulty in exchanging into kyat. So you invariably have to change some money into Myanmar kyat anyway.
The first place you can change is at the airport. There is an authorized money exchange counter at the airport, but the rate they pay is very low, so you better not change there.
Your hotel might be able to make money exchange for you at a reasonable price, so you should always ask their price first. If they cannot, they can give you some advice on it. They can contact a money exchange dealer as they always have contact with these people.
Apart from your hotel, the most convenient place in Yangon to change your dollars into kyat is in Bogyoke market. There are a number of money exchanges in Bogyoke market although none of them are authorized. Just ask any shop in the market and they will show you the direction to one of these black market exchanges.
Next, you can try in the Bar Street (Maharbandoola Garden Street) near the Yangon City Hall. There is Myanmar Foreign Exchange Bank in Bar Street, and many black market dealers stalking the street near by. Just walk along Bar Street, and they will ask you whether you want to sell your US dollar.
There are also some black market money exchanges near Trader's Hotel in downtown Yangon in Sulae Pagoda Road, but be mindful of them. Read the following comment posted on my blog by one of my visitors.
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