Rangoon Institute of Technology

RIT : Automobile Club

Old Receipt

Purchasing Power

  • In our younger days, one US Dollar traded at 5 – 6 kyats, and one Sterling Pound around 12 – 13 kyats.
  • The bills were signed by Sithu U Kaung and U San Lin.
  • The money issued had a backing by Gold Reserve
  • The Old Receipt is a testament of the purchasing power.
  • On the 20th of June, 1979, twenty five students (mostly members of the RIT Automobile Club) bade farewell to Saya U Myo Win (M/Ag65, GBNF).
  • A bowl of rice costs 50 pyas.
  • The entree items cost 3.50 Kyats to 5 Kyats.
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Receipt from 1979

Members who bade farewell to Saya U Myo Win on 20th June, 1979

  • Tin Maung Swe (6th Yr) Taung Oo
  • Lu Aye (6th Yr) Kyauk Phyu
  • Min Soe (6th Yr) Moulmein
  • Po Cho (6th Yr) Ye Oo Myo
  • Tin Maung Zaw (6th yr) Mingaladon, Yangon
  • Win Win Thein (5th Yr) Kamayut , Yangon
  • Thein Lwin (5th Yr) Mogok
  • Hla Cho Oo (5th Yr) Yangon
  • Cho Tun (5th Yr) Yangon
  • Min Han (5th Yr) Yangon
  • Kyaw Kyaw (5th Yr) Kyauk se
  • Zaw Hein Kyaw (5th yr) Kalaw
  • Myint Thaung (4th Yr) Salin
  • Thaung Aye (4th Yr) Insein, Yangon
  • Aung Than (4th yr) Thein zayat
  • Maung Maung Than (4th Yr) Yenan chaung
  • Hla Min (3rd Yr) Yangon
  • Aung Zey Ya (3rd Yr) Yangon
  • Kyan Aung+ Nwe Nwe Tin ( ?) Wet le

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