Treasury will seek Cabinet’s approval for the production of new baht coins

By Thai PBS

 

 

The Treasury Department will seek Cabinet’s approval at its meeting on Tuesday (Dec 19) for a new set of Thai currency coins featuring the portrait of His Majesty King Maha Vajiralongkorn on one side of the coins.

 

The department’s deputy director-general  Nonglak Kwankaew said that the minting of the new coins had been permitted by HM the King and the new coins are expected to be distributed for circulation early next year to replace the existing coins which are to be phased out in 5-10 years.

 

Simultaneously, new banknotes featuring the portrait of King Rama X will also be available for circulation.

 

Full story: http://englishnews.thaipbs.or.th/treasury-will-seek-cabinets-approval-production-new-baht-coins/

 

-- © Copyright Thai PBS 2017-12-18

 

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Any chance of 20 and 50 baht coins?

1 hour ago, Bluespunk said:

Any chance of 20 and 50 baht coins?

Agree and also get rid of the extremely small coins - one baht is small enough

 

and also introduce a 2000baht note

5 hours ago, Bluespunk said:

Any chance of 20 and 50 baht coins?

Any chance of return to 5 and 10 baht notes?

 

Make all the two baht coins one color. The silver coins keep getting confused with one baht coins and it is hard to distinguish. There are silver coins and gold coins. Just a pet peeve of mine.

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I'd like to see the back of 'satang' they serve little purpose- accumulate them over a year and what can you do with them- even the banks don't want to take them.

 

As an aside I was back in Canada for the first time in years last year and they got rid of pennies (well- stopped distributing them ) in 2013 but the coins remain legal tender. Cash transactions are rounded to the nearest 5¢, while non-cash transactions (using cheques, credit cards, or debit cards) will continue to be rounded to the nearest 1¢ .  They got rid of one and 2 dollar notes a while back as well- replacing them with coins,

 

Personally I could live with things being rounded up or down to the nearest B5 here.

Edited December 18, 20178 yr by Psimbo

Phase in changes. First, get rid of 25 satang coins. Then no problem knowing what denomination small bronze coins are. Agree 2 baht shouldn't be silver. 20 baht coins next.

Get rid of all coins. 

I wonder if they will be plastic, longer lasting, notes like those now issued by the Bank of England. :-)


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So do we assume that the existing notes with the image of the late King will remain legal for the foreseeable future, or at least for 5-10 years?

Just seen these 2 articles (both are links....)

 

NEW RAMA X BANKNOTES UNVEILED

 

Thai king to replace father on new banknotes

 

wherein it says "Current bank notes will remain legal tender and the new ones are the same sizes and colors."

Edited March 9, 20188 yr by VBF

Bumping this old topic just to see if there is any further information on new Thai Banknotes that I may have missed....anyone?