Connect with us

Banking

The Bank of Thailand Launches New Series of Banknotes

The Bank of Thailand Launches New Series of Thai Banknotes

Avatar

Published

on

The Bank of Thailand Launches New Series of Thai Banknotes

Mr. Prasarn Trairatvorakul, Governor of the Bank of Thailand, today announced the introduction of the new series of Thai banknotes (Series 16) into circulation. The Series 16 is designed to glorify Thai kings of different periods.

Loading...

A range of new advanced counterfeit deterrent features have also been incorporated into this design to facilitate authentication both by banknote sorting machines and by the general public, including visually impaired persons. The denominational range of the new series, which retains the sizes and the colors of the current series (Series 15), consists of 20-Baht, 50-Baht, 100-Baht, 500-Baht, and 1000-Baht.

The Bank of Thailand Launches New Series of Thai Banknotes

The Bank of Thailand Launches New Series of Thai Banknotes

Each denomination of the new banknotes will be issued separately, with intervals between releases, so it will take several years until all denominations are introduced. The 50-Baht denomination banknote is the first to be launched into circulation on 18 January 2012 and contains the following key security features:

1. The watermark depicting the portrait of the present King appears alongside the denominational electrotype reading “๕๐”, clearly visible when viewed against the light.

2. The windowed color-shift security thread located vertically like stitches on the back of the note changes its color from dark blue to red when viewed from different angles.

3. The irregular shapes of the see-through register printed on the front and the back are combined to form the denomination numeral “50” when the note is held up to the light.

4. Aside from the raised print of letters and denomination numerals, two tactile marks in the shape of flowers in dark blue, representing the Braille number 5, can be identified by touch. The existing as well as the previous series still remain legal tender.

Source: Bank of Thailand

Banking

Singapore’s PayNow and Thailand’s PromptPay Launch Cross-border Payment System

Olivier Languepin and Abhishek Prakash

Published

on

In a global first, Singapore and Thailand have linked their real-time payment systems, PayNow and PromptPay allowing international fund transfers between the two countries within minutes.

Loading...
(more…)

Continue Reading

Asean

12 Things to Know about the ASEAN Catalytic Green Finance Facility (ACGF)

The ACGF is an ASEAN Infrastructure Fund initiative managed by ADB’s Southeast Asia Department Innovation Hub. It helps Southeast Asian governments prepare and finance infrastructure projects promoting environmental sustainability and contributing to climate change goals.

Asian Development Bank

Published

on

Southeast Asia faces an infrastructure investment shortfall of more than $100 billion a year, which may have worsened amid the COVID-19 pandemic.

Loading...
(more…)

Continue Reading

Banking

Thai cabinet approves 350 billion baht Aid for COVID-hit Businesses

Thailand unveiled new measures to help small and medium COVID-hit businesses in the tourism industry hit by a liquidity crunch.

Olivier Languepin

Published

on

The Thai cabinet has approved assistance worth 350 billion baht($11 Billion) to help businesses affected by COVID-19 with soft loans and asset warehousing.

Loading...
(more…)

Continue Reading

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 14,066 other subscribers

Latest

Trending