The official currency of Thailand is the “Thai baht.” The code is THB and the sign is ฿. The Thai baht originated from a traditional unit of mass; it was transformed from a unit of weight for precious metals and gemstones, such as one used in trading gold. One baht is divided into 100 satang.
Currently, the Royal Thai Mint, part of the Treasury Department, is responsible for the production of six types of Thai coins, namely, 25 satang, 50 satang, 1 baht, 2 baht, 5 baht, and 10 baht. The 1 satang, 5 satang, and 10 satang units are used only in the banking system.
The Bank of Thailand, which is the central bank, is responsible for the production and the circulation of banknotes to ensure the stability of the country’s economy. Today, the banknotes in circulation are 20 baht, 50 baht, 100 baht, 500 baht, and 1,000 baht.
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