Peruvian Myrrh (Commiphora Myrrha) has a warm earthy, woodsy fragrance, with slight balsamic undertones. Burning myrrh is believed to send evil spirits away. It purifies ritual tools and is believed to bring good fortune and money. Myrrh has a cooling and calming effect that subdues angry or inflamed emotional states. Myrrh has been used throughout the ages as an ingredient in incense, perfumes, etc.