Deserted Posted October 15, 2017 Share Posted October 15, 2017 Does anyone know if we are likely to see the new king on a banknote at any point? Link to comment Share on other sites More sharing options...
jvs Posted October 15, 2017 Share Posted October 15, 2017 It would be a great idea!!All the people who would have to exchange warehouses full of money would need to explain where it all came from. So far it was a good secret,if this is really to happen there will be a lot of panic buying,gold ,land ,real estate. something in the trend of what happened when the Euro came. A lot of people send their money over seas but the government(tax department)is slowly but surely getting most of them. Link to comment Share on other sites More sharing options...
worgeordie Posted October 15, 2017 Share Posted October 15, 2017 1 hour ago, jvs said: It would be a great idea!!All the people who would have to exchange warehouses full of money would need to explain where it all came from. So far it was a good secret,if this is really to happen there will be a lot of panic buying,gold ,land ,real estate. something in the trend of what happened when the Euro came. A lot of people send their money over seas but the government(tax department)is slowly but surely getting most of them. I dont think he means a total replacement of existing money,just new notes with the current Kings picture, yes they are coming. regards Worgeordie Link to comment Share on other sites More sharing options...
Deserted Posted October 15, 2017 Author Share Posted October 15, 2017 Yes that is what I meant. Do we know when at all? Link to comment Share on other sites More sharing options...
observer90210 Posted October 15, 2017 Share Posted October 15, 2017 Better spend off fast those banknotes hidden in the safe of a nice Swiss Bank, in case the denominations change ..) Link to comment Share on other sites More sharing options...
KhunBENQ Posted October 15, 2017 Share Posted October 15, 2017 59 minutes ago, worgeordie said: I dont think he means a total replacement of existing money,just new notes with the current Kings picture, yes they are coming. regards Worgeordie Of course no instant replacement. If you live in Thailand then you have two different editions of the 1000 Baht note, 99% likely. Same for 20s, 50s, 100s in the past and still different 100s in circulation. It's not too long that a new edition of 1000 notes with Bhumibol came out. It will take time. My guess is that there will at least be a limited edition for the crowning of Rama X. I don't know a schedule for that. Banknotes in circulation due to BoT (series 15 and 16): https://www.bot.or.th/English/Banknotes/HistoryAndSeriesOfBanknotes/Pages/Current_Series_of_Banknotes.aspx Right click on note, "Show image" or the like to see in color. It will take a long long time until coins are exchanged. Link to comment Share on other sites More sharing options...
Deserted Posted October 15, 2017 Author Share Posted October 15, 2017 Yes agreed. Part of me thinks that it will either be some time before we see the new king on a banknote or we just won't see him on one. Link to comment Share on other sites More sharing options...
otherstuff1957 Posted October 15, 2017 Share Posted October 15, 2017 My wife says that the new notes will start being issued sometime next year. Link to comment Share on other sites More sharing options...
nausea Posted October 15, 2017 Share Posted October 15, 2017 14 hours ago, jvs said: It would be a great idea!!All the people who would have to exchange warehouses full of money would need to explain where it all came from. They tried that in India, didn't work. Link to comment Share on other sites More sharing options...
Andrew Dwyer Posted October 15, 2017 Share Posted October 15, 2017 Yes agreed. Part of me thinks that it will either be some time before we see the new king on a banknote or we just won't see him on one.It was on the telly a couple of weeks ago showing some new notes with Rama IX on 20,50,100,500 and 1000 Baht notes.The only difference being that on the back of each note will be a picture of King Bhumibol in various stages of his life.Not sure when they are to be released but get the impression that it’s imminent. Link to comment Share on other sites More sharing options...
blackcab Posted October 16, 2017 Share Posted October 16, 2017 13 hours ago, Andrew Dwyer said: It was on the telly a couple of weeks ago showing some new notes with Rama IX on 20,50,100,500 and 1000 Baht notes. The only difference being that on the back of each note will be a picture of King Bhumibol in various stages of his life. Not sure when they are to be released but get the impression that it’s imminent. This was a limited edition released on Wednesday 20th September. They were available in banks at their face value, with a maximum of 2 sets per person. Link to comment Share on other sites More sharing options...
blackcab Posted October 16, 2017 Share Posted October 16, 2017 I think a new edition is due. The business I work for handles quite a lot of cash in 1,000 baht notes. During the last 3 or 4 months the general standard of these notes has markedly declined. Some notes are really filthy. It looks like the notes are being used as much as possible before being withdrawn. Link to comment Share on other sites More sharing options...
observer90210 Posted October 16, 2017 Share Posted October 16, 2017 Let's hope the new notes will have extra safety marks making them easier to distinguish and harder to forge... Link to comment Share on other sites More sharing options...
OJAS Posted October 17, 2017 Share Posted October 17, 2017 16 hours ago, observer90210 said: Let's hope the new notes will have extra safety marks making them easier to distinguish and harder to forge... With the lower denomination ones at least being made in polymer, which should make them last 2.5 times as long as the current paper versions, if the BOE's claim in the context of the new £5 note issued last year in the UK is to be believed:- https://en.wikipedia.org/wiki/Bank_of_England_£5_note Link to comment Share on other sites More sharing options...
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