BOT rejects claim that defaced banknotes not legal currency

[snoop1130]

BOT rejects claim that defaced banknotes not legal currency

By The Nation

 

 

Banknotes that have been stamped or defaced by writing are still legal currency, the Bank of Thailand (BOT) said on Tuesday (August 25).

 

The clarification came after a Facebook user claimed that under the lese majeste law (Section 112), it was illegal to use stamped banknotes and advised people to exchange them as soon as possible.

 

Section 112 of the Criminal Code states that "Whoever defames, insults or threatens the King, the Queen, the Heir-apparent or the Regent, shall be punished with imprisonment of three to 15 years."

 

However, the BOT official said that while stamped-on banknotes remain legal “we do not recommend people use them because it is hard to check whether the banknote is real or fake". He urged people not to stamp or write messages on currency, adding that this would save BOT budget and resources used to remove damaged banknotes from circulation and replace them with new ones.

 

"If people receive [damaged] banknotes, please exchange them at any branch of the Government Savings Bank and other commercial banks nationwide," he said.

 

Source: https://www.nationthailand.com/news/30393509?utm_source=category&utm_medium=internal_referral

 

-- © Copyright The Nation Thailand 2020-08-25

 

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[mr mr]

should this even be a post considering the sensitivity of the subject matter ? anyone got change for a hundred baht ?

[AndyAndyAndy]

And who puts these stamps on them or why?

[tomazbodner]

It's most of the bank tellers that are writing on the notes after counting them... Should all go to jail for 3-15 years now?

[Davo369]

10 minutes ago, tomazbodner said:

It's most of the bank tellers that are writing on the notes after counting them... Should all go to jail for 3-15 years now?

Yeah.....  then we can visit them when

The jails let in the tourist's, and poke em with sticks.. 

[DrTuner]

Not so long ago I saw a Kasikorn clerk write a sum on a note on top of a pile. Thrown her in the slammer and lose the key.

[baansgr]

Few years back changed GBP...was given back 3 twenty's as there was some numbers written on them...The girl then proceeded to count the rest, put a lacky band round them then wrote the amount on the top one...unbelievable

[Artisi]

Anyone worried about written or stamped Baht notes, I'm prepared to give you 50%, of the value, no questions asked. 

[samsensam]

 

haha people used to write a 2 in marker pen on those old, well thought out designed, two baht coins that were the same colour, shape and almost the same size a one baht coins... cashiers have been paranoid about foreign notes with writing on them for years.

[brain150]

Well, at least they are honest and call it currency and not money.

Time for real money to come back.

 

End the BOT and the economy can recover !

[khunjeff]

13 hours ago, AndyAndyAndy said:

And who puts these stamps on them or why?

The stamps shown in the photo are complaining about certain laws, and are presumably being added to banknotes by anti-Government protesters. From what is written in the article, the issue appears to be about these particular stamps, not markings/stamps in general.

[Misterwhisper]

Incidentally, over the past two months or so, I have been slipped quite a few "defaced" banknotes (and I mean literally deFACEd) with my change. Cut out eyes, drawn on vampire fangs... things like that. The "defacings" mostly are quite subtle and you don't immediately notice them unless you'd closely examine every 20-baht note you receive as change. Nobody does that. Of course I got rid of the bills as soon as I could, mixing them in with "non-defaced" ones and basically pulling the same "slipperoo" with someone else that I had been subjected to. Never bothered to hand them in at a bank branch, though... if only to avoid potentially uncomfortable questions ("Where, when and from whom did you receive that bill?").

[mtls2005]

13 hours ago, AndyAndyAndy said:

And who puts these stamps on them or why?

 

I occasionally leave cash for a COD delivery on the tray of a printer near the door.

 

Forgot and put a few bills through it by accident, was able to scrub it off, then passed the bills at 7/11. No issues.

 

 

 

 

[Knocker33]

But banks will not accept foriengn notes with any marks or writing on them? 

[scorecard]

21 hours ago, Artisi said:

Anyone worried about written or stamped Baht notes, I'm prepared to give you 50%, of the value, no questions asked. 

Win - win.

[brianthainess]

On 8/25/2020 at 10:05 PM, samsensam said:

 

haha people used to write a 2 in marker pen on those old, well thought out designed, two baht coins that were the same colour, shape and almost the same size a one baht coins..

Still do, got some from Tesco this week.