The Thai baht is the official currency of Thailand. One baht is divided into 100 satangs. This currency is issued by the Bank of Thailand. In circulation are banknotes of 20, 50, 60, 70, 80, 100, 500, 1000, and 500,000 baht, and coins of 1, 2, 5, 10 baht, and 25, 50 satangs.
History of the Thai Baht
The Thai baht, like the pound, originated from one of the traditional units of mass. Initially, the value of the currency was expressed in terms of the weight of silver, but later it was denominated. The currency was officially introduced in 1897 when a decimalized system was introduced, and in 1910, both baht and satang coins were issued.
Thai Baht and Interesting Facts
The Thai baht is one of the most widely traded currencies in the world. In 2018, the Thai baht ranked 10th among the most traded currencies globally. Although the issuance of this currency is the responsibility of the Bank of Thailand, most of these banknotes are printed by the China Banknote Printing and Minting Corporation.
