Burma – Currency Update

More info on the new currency exchanges in Burma: There is now a bank-run currency exchange at the airport in Yangon. Reports have varied a bit, but it appears that the exchange rate used is close to the old “black market” rate. In the city, the bank-run exchanges...

Changes in Money Matters in Burma

There are changes afoot in Burma as regards changing money. There has long been “official” rate of exchange fixed between 6 and 8 kyat to the dollar and the black market rate, which floats, and is currently over 800 kyat to the dollar. It has not been...

The Fine and Timeless Art of Bargaining

Few things strike the first time traveler to Asia as more anxiety provoking than bargaining. If I offer a price that is too low will I insult the seller? If I pay too much will the seller think I’m a dumb tourist? Everything seems so cheap anyway, shouldn’t I just pay...

Money Management from Afar While Traveling

When I am traveling, I check my bank and credit card accounts more frequently than I do at home. I want to know what exchange rate I am getting for foreign exchange on my credit cards or via an ATM. I also want to be vigilant about fraud, so I check all of the...