Thai Baht (THB) - the official currency of Thailand, which is divided into 100 satangs and is designated as ฿.

History

The history of Thai Bata is pretty straightforward. The designation "bat" appeared from a measure of silver equal to about 15 grams. Together with the history of the country, the currency of Taya stormed and threw from side to side. For example, after the silver lost its value, the baht decided to tie to the gold standard and pound sterling. After all, in those days Thailand was very friendly with the British Empire, taking from it a lot of good and bad.

Then, making friends with Japan, or rather their Nazi block, it was decided to tie the baht to the Japanese yen. Of course, after the end of the war, a change in the forward currency could not be avoided. In the fifties of the 20th century, it became the American dollar. After that, the course of the Thai baht was revised only once, only in 1984, "settled" and came to a rigid pegged rate, equal to 25 Thai baht for 1 dollar. Today there is no rigid binding, but the course has not gone far from its original version. As of June 2011, it is approximately 30 baht for 1 USD.

Banknotes and coins

Today in circulation are banknotes worth 20, 50, 100, 500 and 1000 baht, as well as coins 1 (white), 2 (white and yellow), 5 (white) and 10 (bimetallic) baht. Satang, in turn, equals 1/100 baht and can be in the form of banknotes with a nominal value of 50 cu. and in the form of coins in 50, 25, 20, 10, 5, 1 and 1/2 satangs.