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From 1956 until 1973, the baht was pegged to the US dollar at an exchange rate of 20.8 baht = one dollar and at 20 baht = 1 dollar until 1978. [9] [10] A strengthening US economy caused Thailand to re-peg its currency at 25 to the dollar from 1984 until 2 July 1997, when the country was affected by the 1997 Asian financial crisis.
Before the crisis, the exchange rate between the rupiah and the dollar was roughly 2,600 rupiah to 1 U.S. dollar. [48] The rate plunged to over 11,000 rupiah to 1 U.S. dollar on 9 January 1998, with spot rates over 14,000 during 23–26 January and trading again over 14,000 for about six weeks during June–July 1998.
Thai baht THB Reserves: US$243.49 billion (2023) [1] Bank rate: 2.5% [2] Website: www.bot.or.th: ... was first set up as the Thai National Banking Bureau. The Bank of ...
Series 5 were printed by the Note Printing Works of Japan in seven denominations including 50 satang, 1 baht, 5 baht, 10 baht, 20 baht, 100 baht and 1000 baht starting in 1942. [ 10 ] Series 6 were by the Royal Thai Survey Department and the Naval Hydrographic Department in two denominations including 20 and 100 baht, each with two types.
Money trees featuring Thai banknotes in Tak province One baht bill. The banknotes of the Thai baht are part of the physical form of the Thai baht, Thailand's currency. The issuance of the baht banknotes is managed by the Bank of Thailand. Throughout its history, the denominations have ranged from 1 baht to 1,000 baht.
The 20 baht note (20฿) is currently the lowest-in-value baht banknote and has been used since 1892. The 17th series notes are currently in circulation having been introduced in 2018. The 17th series notes are currently in circulation having been introduced in 2018.
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Recent statistics show that the one-baht coins constitute about 60% of the total coin circulation in the Thai economy. According to the Treasury Department, the issuance of the two-baht coins will solve the overwhelming demand for the one-baht coins as the two-baht coins now fill the gap between the one- and five-baht coins.