Should Thailand Abolish All Satang Coins?

[mauGR1]

I'm very surprised about the response,and i wonder were are the economists of TV.

The small coins are imho a shield against inflation.Specially in the hard times.

Besides that satangs are small,harmless,and they allow you to say"mai mee satang" when somebody asks you for money.

[leemac]

I'm very surprised about the response,and i wonder were are the economists of TV.

The small coins are imho a shield against inflation.Specially in the hard times.

Besides that satangs are small,harmless,and they allow you to say"mai mee satang" when somebody asks you for money.

I think they're fine. After all, it's not our country, or economy, and we don't live the lives of the average native.

If I was on 40 baht a day, I'd see the satang the same way I currently value my dollar. Not really enough to do anything, but collect 100 of them and I'm getting somewhere... not quite on the same scale, but when you have a currency with such low value demoninations, it's easier to give something to the poor.

[caf]

I'm very surprised about the response,and i wonder were are the economists of TV.

The small coins are imho a shield against inflation.Specially in the hard times.

Besides that satangs are small,harmless,and they allow you to say"mai mee satang" when somebody asks you for money.

I think they're fine. After all, it's not our country, or economy, and we don't live the lives of the average native.

If I was on 40 baht a day, I'd see the satang the same way I currently value my dollar. Not really enough to do anything, but collect 100 of them and I'm getting somewhere... not quite on the same scale, but when you have a currency with such low value demoninations, it's easier to give something to the poor.

A spot on reply. Most posters here seem not to know how the avearge Thai lives.

[Heng]

I'd say that most probably don't understand finances/business in general. About as silly as complaining about how exchange rates, share prices, or the price of any commodity should be rounded up or down to whole numbers.

[Garry9999]

I hear 20B & 50B notes will be replaced with coins soon, time to buy a bigger jar!

[docholiday123]

The less money you have, the more important pennies and satangs are to you. If you make 5,000 baht an hour, taking 10 minutes out of your time to collect all those satang coins at the bottom of your drawer and then 20 minutes to go to the bank and have them counted is clearly not a good use of time.

We are going to die eventually, you should use your time wisely, salvaging 100 baht for 30 minutes of your time? Whoopee Do!

[PhilHarries]

They probably hold on to them just to annoy us. I know that, as a Brit, if the rest of Europe vote to get rid of 1p and 2p coins the UK population would probably be up in arms no matter how useless they were.

Mate, the rest of Europe couldn't give a flying <deleted> about your pee.

We use Euros.

Well you see we can't change over to the Euro as we all like to spend a penny especially after a beer. If we changed our currency the official term would have to be "to Euronate" and you don't like it when we p1ss all over you.

Heng has alluded to an interesting fact. Here we have all you penny pinchers, sorry I do also include the Euronaters, straining to get rid of the satangs but you post threads when your beloved currency drops a fraction of a percentage point in exchange rates. So, as Heng says, how about rounding them off to the nearest whole number?

[Heng]

The TV servers would probably crash if they raised the foreign atm fees to 200 Baht.

[leemac]

The TV servers would probably crash if they raised the foreign atm fees to 200 Baht.

I've heard rumours of ways to get around that... ie: going in to the counter, and also getting more than 10,000 at a time.

Can anyone confirm this?