International Finance
In the News

Thailand unveils new currency notes with King Rama X’s portrait

The Bank of Thailand, Thailand, King Rama X, King Maha Vajiralongkorn, baht, Thailand currency

The Bank of Thailand has introduced images of new currency that carries the picture of King Maha Vajiralongkorn, also known as Rama X.

After King Bhumibol Adulyadej’s death, Rama X took the throne on Dec 1, 2016. However, his coronation is yet to take place this year.

The design of the new baht notes was released at the headquarters of The Bank of Thailand in Bangkok. The bank announced the circulation of new notes will begin on April 6.

The new notes yet to be introduced are under denominations of 20, 50 and 100 baht. On the king’s birthday on July 28, denominations of 500 and 1000 baht will be introduced.

A source from the Thai finance ministry told Bangkok Post: “The size and weight of the new circulating coins will be the same as the circulating coins under the reign of the late King Bhumibol Adulyadej, to be compatible with current vending machines.”

“Current coins can still be used, and the department will replace worn coins with new coins under His Majesty the King’s reign.”

What's New

Blockchain technology is vital to Smart Dubai implementation

International Finance

Citi, Goldman Sachs, HSBC and Samba likely to be part of Aramco IPO

International Finance Desk

Tesla sued by Walmart over faulty solar panels

International Finance Desk

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.