In northern Myanmar's Kachin region, Burmese currency is rarely circulated, and the Chinese yuan has become the main trading currency.

The Chinese yuan is the only currency in circulation in the northern Myanmar Kachin region.

In other parts of Myanmar, such as the Wa area, Mongla, and Kachin, the Chinese yuan is also dominant, but Burmese kyat can sometimes be used. Especially in areas controlled by the Democratic Karen Buddhist Army, the use and circulation of Burmese kyat are allowed. However, in the Kachin region, Burmese kyat is completely unworkable. Local people in Kachin cannot open a savings account with a Burmese bank, or they are unwilling to do so.

Most local people in Kachin have bank card numbers from our domestic banks, and even have WeChat or Alipay, but almost none have savings accounts in Myanmar. In fact, everyone understands that since the time when the Chinese Expeditionary Force and the remnants of the National Revolutionary Army entered the Kachin region, the Kachin region has been completely separated from the Burmese government.

For decades, the northern Myanmar region has been in a state of constant conflict and truce, and there is no emotional connection anymore. The people of Kachin rarely have a Burmese ID card, and if they open a savings account in Myanmar, and put money in it, once the war breaks out, the money in the account may be seized and not be available at all.

Therefore, due to this lack of trust, the people of Kachin dare not open a Burmese savings account, because the money could disappear for any reason. Therefore, the people of Kachin prefer to use only the Chinese yuan and firmly refuse to accept the Burmese kyat.

It must be said that the Burmese kyat is almost non-circulating in the Kachin region. In areas controlled by the Burmese government, the Burmese kyat can still be used, but in the Kachin region, the Burmese kyat is completely unusable.

Whether paying or receiving payments, the Burmese kyat is not used, which is an established fact. In the Wa area and Mongla, the Burmese kyat can sometimes be used, but very rarely. The Kachin region does not use the Burmese kyat, which is a fact.

Original article: toutiao.com/article/1854744777360384/

Statement: This article represents the personal views of the author.