Thailand- a beautiful country of Asia is emerging as a major country. The old name of Thailand was Siam and now is known as The Kingdom of Thailand. Being a very important part of Asia as far as tourism is concerned, Thailand is visited by millions and millions of tourists every year. It has become a famous name you will hear for a country hosting millions of tourists every year. It is situated on the Southeast corner of Asia and comes in the Indochinese peninsula. It is the closest neighbour to countries like Malaysia, Myanmar, Cambodia, Andaman sea, etc. The capital city of Thailand is Bangkok. Bangkok is the largest city in Thailand. In terms of population, Thailand is ranked 20th in the world with a total population of 69 million.
The tourism industry in Thailand is working day night to host millions of tourists and has played a vital role in making Thailand a very popular country throughout the world. Thailand is a very diverse country as far as culture and tradition are concerned. There are many cultures like Indian, Lao, Cambodian, chinese, etc present here. Thailand has become very popular because there are so many beautiful, both natural and man-made, places to visit in Thailand. Thailand is growing as a great economy in recent years. In the field of Science and technology, Thailand has advanced at a great pace. Today, we will discuss about the currency of Thailand.
Monetary unit of the Thailand is the Baht. It is originated in the year of 1902 or before this year. History and origin of the Baht currency. In early times Thailand used particular types of shells, pots and baked clay coins. In past king Mongkut made a good trade relationship with western countries and made trade completely free. After some time the trade increased rapidly, so it became tough to complete the needs trade by pot, clay coins and shell. They do not meet all the trade demands of the people of Thailand. The first paper money was introduced by the King Mongkut in 1853.That paper money is know as Mai. But people often used pot duang for more needs. In 1873, in the King Chulalongkorn introduced copper coins. At that time people also used a special type of low cost paper currency which is known by the name of Att Kradat. In 1899 bank notes were introduced
COINS AND BANKNOTE:
We can find 1 baht, 2 baht, 5 baht and 10 baht coins in the currency circulation of the Thailand. Here you can see banknotes in the denominations of 20, 50, 100, 500 and 1000. Satang is the subdivision of the thai currency Baht. One baht is divided by 100 Satang. You can also find 50 satang coin and 25 satang coin.
In 1902 baht currency of Thailand was generated
● It is also written as TH, TH4.
● It is also known as onshore baht or thai baht.
● Bt or Bht are the symbols of TH.
If you are travelling from India to Thailand, you need to have a complete information about the currency of Thailand. This will clear your mind as to what should be your budget if you are on a trip to Thailand with your family or friends. 1 thai Baht in Indian currency equals 2.08 Indian Rupees. Thus, the value of Indian rupee is higher than that of Thai Baht. Thus, it gives a sigh of relief to many as they get more in less money having Indian currency with you.
This was all about the currency of Thailand. You must have knowledge about this before visiting Thailand.