Thailand Wants to Sell Coins to Kingdom

[geovalin]

Khmer Times/May Kunmakara

Thailand plans to negotiate with the four-younger countries of ASEAN – Cambodia, Laos, Myanmar and Vietnam (CLMV) – to push them to use coins in their economies, minted in Thailand.

Thai Treasury department deputy director-general Werawut Scriptoria said officials will tour Laos and Cambodia this year to propose new coin designs and specifications to the relevant authorities. The treasury had made similar trips to encourage the CLMV countries to reissue coins last year, Mr. Werawut said.

“These four countries used to circulate coins; we would like to invite them to visit our mint in Thailand and convince them to reissue coins,” said Mr. Werawut. He said coins last up to 20 years but banknotes last only one or two years. “We will mint the coins if the CLMV countries decide to reissue coins for their currencies. These countries place a high level of trust in Thailand and the logistics cost to transport the coins there won’t be that high,” said Mr. Werawut.

read more http://www.khmertimeskh.com/news/23568/thailand-wants-to-sell-coins-to-kingdom/

[sanukjim]

Yea,I would surly want a country with such an honest reputation such as Thailand to be in charge of minting my countries coins. Oh Yea ,can't wait.

[MyFriend You]

Yeah, if Vietnam would ever drop three zeros off their currency, I'd stop feeling like a Billionaire every time I get a statement. Coins would make a lot of sense some of the lower denominations ar worthless anyway.

[kayo]

I hope the Kingdom doesn't buy into this.

I'm happy with my Dollars and Riels.