Monday, July 03, 2006

Thailand currency


Monetary History
This is the picture of currency of Thailand.The Thailand currency is called baht Until 1897, the baht was subdivided into 8 fuang, each of 8 att. The present decimal system, in which one baht = 100 satang , was introduced by king Chulalongkorn. However, until the 1940s it was named tical, then renamed to baht. Originally the term baht was a weight unit of about 15 g and was adopted because one tical was equivalent to 15 g of silver.For more information about exchange rates click on the following LINK.

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