Convert United States Dollar to Thai Baht

what is thb

As of 2019, the Thai Baht was the 24th most-traded currency according to the Bank of International Settlements. Thailand’s military government took over control following a 2014 coup-d’etat. The government issued a twenty-year economic development plan which sets the goal of reaching developed-economy status by the year 2037. At the end of world war 2, Thomas De La Rue & Company Limited’s printing house suffered damage from German bombing, thus the Royal Thai Government turned to the United States government to produce the series 8. Images of banknotes have been removed lest they infringe copyright,[42] but may be viewed at the Thai-language article linked in the margin.

what is thb

Series 3 type i banknotes are produced by Thomas De La Rue & Company Limited. This series was actually delayed due to the Siamese Revolution to abolish the absolute monarch and transform the institution into a constitutional monarchy. The special series are banknotes which were issued during world war 2, each at different times. Series 4 type ii banknotes are produced by Royal Thai Survey Department and the Naval Hydrographic Department. During world war 2, Thailand allied with the Empire of Japan.

A baht is also a unit of weight for gold and is commonly used in jewellers and goldsmiths in Thailand. The currency was originally known as the tical and this name was used in the English area text on banknotes until 1925. The characteristic of the banknotes of this era is that there were no series issued at the same time, rather they are issued sporadically and have multiple banks producing their own banknotes. Series 1 was chosen due to the series which precedes this were non-decimal. Series 1 banknotes is the first series to be produced by Thomas De La Rue & Company Limited.