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Bank of Thailand launching new banknote series next week

Pattaya Mail 14.01.2012 09:34

Bank of Thailand launching new banknote series next week - Business - Finance - Bank of Thailand

The Bank of Thailand (BoT) will issue a new series of banknotes, its 16th series, next week after the current series has circulated in the market for more than 14 years, according to BoT Governor Prasarn Trairatvorakul.

Mr Prasarn said that the new notes comprise five denominations -- Bt20, Bt50, Bt100, Bt500 and Bt1,000. Their size and colour remain unchanged from the present notes.

First launches will be the Bt50 banknote on January 18, the date commemorating the glorious victory of King Naresuan the Great in traditional royal combat on elephant back in 1593, he said.

The BoT governor said that about 190 million Bt50 banknotes currently circulate in the system, and that the new issue would cost Bt5 higher then the currently used notes.

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