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About the money of the Kingdom of Thailand

 

About the money of the Kingdom of Thailand
About the money of the Kingdom of Thailand
About the money of the Kingdom of Thailand
About the money of the Kingdom of Thailand
About the money of the Kingdom of Thailand
About the money of the Kingdom of Thailand
About the money of the Kingdom of Thailand
About the money of the Kingdom of Thailand
About the money of the Kingdom of Thailand
About the money of the Kingdom of Thailand
About the money of the Kingdom of Thailand
About the money of the Kingdom of Thailand
About the money of the Kingdom of Thailand
About the money of the Kingdom of Thailand
About the money of the Kingdom of Thailand
About the money of the Kingdom of Thailand
About the money of the Kingdom of Thailand
About the money of the Kingdom of Thailand
About the money of the Kingdom of Thailand
About the money of the Kingdom of Thailand
About the money of the Kingdom of Thailand
About the money of the Kingdom of Thailand
About the money of the Kingdom of Thailand
About the money of the Kingdom of Thailand
About the money of the Kingdom of Thailand
About the money of the Kingdom of Thailand
About the money of the Kingdom of Thailand
About the money of the Kingdom of Thailand
About the money of the Kingdom of Thailand
About the money of the Kingdom of Thailand
About the money of the Kingdom of Thailand

Some of the tourists, for the first time visiting Thailand, might be asking questions such as:
Which currency is better to carry with you in Thailand? What does Thai money look like? How to tell the real bills from the fake ones?

First let me reassure you that the issue of protection of Thailand banknotes from counterfeits has been successfully solved and the situation now is much better than in some other neighboring countries. For the details see the article below.

Officially throughout the country only the national currency of Thailand – Thai baht – is accepted.
But if you have just arrived and did not have time for the currency exchange then you can pay for taxi in dollars or euros, where in fact it is difficult not to overpay. Shops and shopping centers would only accept Thai baht.

In the bordering areas of Thailand you can use both Thai baht and the currency of the adjoining country. For example, in Hat Yai in most places you can pay with Thai baht as well as with Malaysian ringgits.

U.S. dollars or euros are better to use in large denomination bills (it rather refers to dollars, because the higher the bill, the higher the exchange rate).

The current exchange rate of one of the leading Thai banks can be seen here. At the other banks it will be about the same, but keep in mind that rates may vary even within the same bank but at the different exchange offices.

Read more about the currency exchange rates, Thai baht rates to other currencies and about bank cards and travel checks in a special article.

Thai Baht has been the national currency of the Kingdom of Thailand since April 15, 1928. One Baht equals 100 satang.
Officially, when making interbank operations Thai Baht is referred to as THB and in English written form – simply Baht.

Currently there are coins of 25 and 50 satang (new coins are of a golden color, which will eventually become dark brown), as well as 1, 2, 5 and 10 baht available throughout the country. 2 baht coin can be silver and gold, coins of 1 and 5 baht are white (silver), 10 baht coin has two colors (yellow in the center and white on the circumference).
You can see satangs stated in the prices of supermarkets and chain stores such as 7-eleven, these coins will be given to you as change and can be taken as payment as well.
In all other places satangs are not widely used, and giving a tip or making a donation with such coins is considered bad manners. It is way better to tip with your bills in Thailand. In most cases one note of 20 baths is more than ehough.
There are banknotes of the following denominations: 20, 50, 100, 500 and 1,000 baht.

In addition to the Arabic numerals the prices can be stated in Thai digits. In some places, where there are special prices "for the locals" and slightly inflated praces "for foreigners", the price for the locals will be written in Thai digits.

Now a few words about the banknotes of Thailand - Baht (THB).


On the banknotes of the Kingdom of Thailand Thai kings of different eras are traditionally represented. Periodically the design of banknotes changes, keeping the overall concept. All current changes can be found here or at the official website of the Bank of Thailand.

On January 12, 2012 there was officially declared a beginning of transition to the new, 16th series, which will depict Thai kings from different eras.
The new series has been developed using a number of innovations that reduce the possibility of fraud. In addition the applied innovations were designed to make it easier to perform the authentication of banknotes not only by machines, but also by ordinary people including those visually impaired.
The new, 16-th series will retain the sizes and colors of the current series (15th), and will also consist of denominations of 20, 50, 100, 500 and 1,000 baht.

The bills of each denomination of the new series will be issued separately, at intervals between releases, so that a complete replacement, when all the old notes are gradually replaced by the new ones, will take several years. The transition begins on January 18, 2012 starting with the 50 baht bill. Further, in April 2013 - a new note of 20 baht will be introduced (such denomination bills take up to one third of all banknotes in circulation)

More about the denominations of 50 baht bills:
The date of issue of these notes has not been chosen by chance, but in the memory of the glorious victory of King Naresuan the Great in the battle on elephants in 1593.

On the front side: His Majesty the King of Thailand Rama IX; Royal Coat of Arms - Garuda.

On the back: Royal Coat of Arms - Garuda, King Naresuan, pictured on the stairs where he is depicted as a personal example inspiring soldiers to attack the Burmese camp; a statue of Somdet Phra Naresuan Maharaj, modeled according to the Don Chedi Monument in Suphan Buri Province; seated statue of King Naresuan pouring water on the ground, symbolizing the declaration of Independence; pagoda Phra Chedi Chai Mongkol located in Wat Yai Chai Mongkol, Phara Nakhon Si, province of Ayutthaya. There is a security thread with intermittent text indicating the denomination notes, changing the thread color depending on the angle of view.

In the box: watermarks - King Rama IX of Thailand and the Thai character "Doc Loy."

Also, for the better protection against counterfeiting on the front and back sides you will find a perforated register and if you look at the bill through the light then both characters come together in a figure of "50". In addition to the convex printing images and figures there are two tactile signs printed on the bill, which can be identified by people with vision disabilities..

Dimensions: 144 x 72 mm.

Note: Current, as well as all of the previous series of Thai banknotes remain legal until they are fully removed out of circulation.

On Koh Samui we saw these bills at the end of January 2012

The new 20-baht banknotes on Koh Samui has been introduced in April 2013



Addendum:
In honor of the 80th anniversary of Her Majesty Queen Sirikit, in August 2012 a gift note of the denomination of 80 baht has been issued

In the summer of 2014 the press in Thailand reported of the appearance of counterfeit banknotes of 1000 baht denominations. Therefore, the Bank of Thailand issued a further clarification, allowing people to thoroughly check the banknotes for authenticity.

So, how do you distinguish between a real 1,000 baht banknote from a fake one. The 1,000 baht banknotes have the following anti-counterfeiting signs:

• The word "The Government of Thailand" is slightly convex [1].

• When lumening the image of a lotus flower becomes complete [2].

• When tilting the banknote the number 1000 changes its color [3].

• When you look at it at a different angle there is a number 100 emerging on the metal strip [4].

• Number 1000 in Thai is not monolithic but consists of tiny images of the same number [5].

Bank of Thailand also reminds that the penalty for the currency counterfeiting is up to 20 years in prison and for willful use of fake banknotes - up to 15 years. To familiarize with the official instructions and study the layout of security features on the banknotes please visit the website of the Bank of Thailand.


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