Baht (/bɑːt/; Thai: บาท, pronounced [bàːt]; sign: ฿; code: THB) is the official currency of Thailand. It is divided into 100 satang.....
The issuance of currency is the responsibility of the
According to Bloomberg, the Thai baht was the world's best performing currency in 2018. The SWIFT, as of January 2019, ranked the Thai baht as the 10th most frequently used world payment currency.
The South China Morning Post reports that the China Banknote Printing and Minting Corporation prints and mints some Thai banknotes and coins.
History
The Thai baht, like the pound, originated from a traditional unit of mass. Its currency value was originally expressed as that of silver of corresponding weight (now defined as 15 grams), and was in use probably as early as the Sukhothai period in the form of bullet coins known in Thai as phot duang (Thai: พดด้วง). These were pieces of solid silver cast to various weights corresponding to a traditional system of units related by simple fractions and multiples, one of which is the baht. These are listed in the following table.
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