The rupee was the currency of Burma (now Myanmar) between 1889 and 1952, except for the years 1943-1945.
When the British conquered Burma, they introduced the Indian rupee as currency, replacing the silver and gold kyats. Until 1937, Burma was part of British India and used the same coins and banknotes as were used in India. When Burma became a separate colony in 1937, a separate issue of paper money was made for use only in Burma but no separate coinage was issued. Rs. ... The kyat (ISO 4217 code MMK) is the official currency of Myanmar. ... The British Raj is an informal term for the period of British rule of most of the Indian subcontinent, or present-day India, Pakistan, Bangladesh and Sri Lanka (previously known as Ceylon). ...
Japanese occupation in 1942 brought about the introduction of a new currency, composed of the rupee, divided into 100 cents. This currency was only issued in paper form. The rupee was replaced by the kyat in 1943. In 1945, the Japanese occupation currency was declared worthless and the Burma reverted to using Indian coinage and its own rupee paper money. The kyat (ISO 4217 code MMK) is the official currency of Myanmar. ...
Following independence, Burma introduced its own rupee currency, consisting of coins and banknotes. One rupee was divided into 16 pe (equal to the Indian anna), each of 4 pyas (equal to the Indian pice). The rupee was replaced by the kyat in 1952 at par.
The Rupee (₨ or Rs.) is the common name for the currencies used in India, Pakistan, Sri Lanka, Nepal, Mauritius, and the Seychelles; in Indonesia the unit of currency is known as the rupiah and in the Maldives the rufiyah.
Valuation of the rupee based on its silver content had severe consequences in the nineteenth century, when the strongest economies in the world were on the gold standard.
Large denominations of rupees are often counted in lacs or lakhs (100,000) crores (10,000,000) and arabs (Abja in Marathi) (1 billion).
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