Industry WIKI

The history of Thai money used as a medium of exchange and to settle accounts before the adoption of Thai baht coins and banknotes include novel designs and forms. For Thai people, money was considered as the symbol of civilization. Currency itself reflected faith in religion, culture, the customs and traditions of each era and also serve as a record of the development of Thailand.

The baht (; Thai: บาท, pronounced [bàːt̚]; sign: ฿ or บ.; code: THB) is the official currency of Thailand. It is divided into 100 satang (สตางค์, pronounced [sà.tāːŋ]; sign: st. or สต.). The currency was officially adopted during the Sukhothai period (1238–1438 CE) and continuously issued since. Initially issued in the podduang form, King Rama IV decided to switch to flat coins in 1860.