Country ISO code: TH

Official language: Thai

Language ISO code: th

Current official currency: Thai Baht

Currency ISO code: THB

Complete Financial History of the Kingdom of Thailand

Current official currency: Thai Baht (฿)

• ISO code: THB

• Symbols: ฿, THB

• Singular name: Baht

• Plural name: Baht

• Monetary subdivision: 1 Baht = 100 Satang

• Fraction singular name: Satang

• Fraction plural name: Satang

• Initial production date: Since the Ayutthaya Kingdom era (14th century), with continuous production and modernization from the reign of King Rama V (late 19th century)

• Final production date: Still in production and circulation

• Initial circulation date: Officially adopted as national currency during King Rama V’s reign (late 19th century)

• Final circulation date: Still in circulation

• Mint: The Royal Thai Mint and some international mints

• Issuing bank: Bank of Thailand

Coin denominations

• 25 Satang

• 50 Satang

• 1 Baht

• 2 Baht

• 5 Baht

• 10 Baht

Banknote denominations

• 20 Baht

• 50 Baht

• 100 Baht

• 500 Baht

• 1000 Baht

Economic and historical context

• The Baht has historical origins from the Ayutthaya Kingdom, evolving through the Rattanakosin period and modernized under King Rama V who introduced the decimal system.

• The Bank of Thailand was established in 1942 to oversee currency issuance and monetary policy.

• The Baht is a stable currency widely used in Southeast Asia and recognized internationally.

• Currency designs have undergone multiple updates to enhance security and reflect Thai culture.

Minting and production locations

• The Royal Thai Mint is the primary producer of coins.

• Banknotes are produced by specialized domestic and international companies to ensure quality and security.

Designs and symbols on coins and banknotes

• Coins feature national symbols such as the Thai emblem and historical figures.

• Banknotes depict portraits of Thai kings, especially King Rama IX and the current King Rama X, along with cultural and historical landmarks.

Production volumes, honorees, and seals

• The Bank of Thailand regularly publishes data on coin and banknote production and circulation.

• Commemorative issues honor monarchs and national events.

Commemorative coins and curiosities

• Thailand issues commemorative coins and banknotes for royal anniversaries and cultural celebrations.

Current circulation status

• The Thai Baht is the sole legal tender in Thailand and is actively circulated nationwide.

Issuing authority

• Bank of Thailand

Relevant monetary legislation

• Currency issuance and regulation are governed by the Bank of Thailand Act and national financial laws.

Names and titles of banknote signatories

• Banknotes bear the signatures of the Governor of the Bank of Thailand and the Minister of Finance.

Persons honored on coins and banknotes

• Thai monarchs, especially Rama IX (Bhumibol Adulyadej) and Rama X (Maha Vajiralongkorn), as well as national and cultural symbols.

Official language recognized by the state for administrative, legislative, judicial, monetary, and educational use:
Thai is the official language of Thailand, used in all official, educational, and legal sectors nationwide.