| Burmese Rupee |
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When the British conquered Burma in 1885 , 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. 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. Following independence in 1948 , 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. |
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