Banknotes of the Thai baht

The banknotes of the Thai baht are part of the physical form of Thailand's currency, Thai baht. The issuance of the baht banknotes is managed by the Bank of Thailand. Throughout its history, the denominations have ranged from 1 baht to 1,000 baht. The circulating banknotes today in Thailand, however, are ranged from 20 baht, 50 baht, 100 baht, 500 baht and 1000 baht. The currently circulating series are 17th, 16th and 15th series. Thai baht banknotes commonly include the portrait or the picture of the sculpture of its kings. The obverses have been designed with the current king's portrait. Whilst, in the reverses, mostly the picture of notable kings and kings with the title "the great". Some reverses feature the King Bhumibol's sayings.

Money trees featuring Thai banknotes in Tak province

One baht bill

History

In 1851, the government issued notes for 1⁄8, 1⁄4, 3⁄8, 1⁄2, and 1 tical, followed by 3, 4, 6, and 10 tamlueng in 1853. After 1857, notes for 20 and 40 ticals were issued, also bearing their values in Straits dollars and Indian rupees. Undated notes were also issued before 1868 for 5, 7, 8, 12, and 15 tamlueng, and 1 chang. One att notes were issued in 1874.

In 1892, the treasury contracted with Giesecke & Devrient in Germany to print notes for 1, 5, 10, 40, 80, 100, 400, and 800 ticals, called "baht" in the Thai text. They were delivered to the Siamese Treasury, but never issued. Eventually the notes held in reserve were destroyed, with only a few remainders saved.

The year 1902 marked the introduction of reforms by prince Jayanta Mongkol after his observations of banking practices in Europe, which became an important landmark in the inauguration of paper money in Thailand.[1] On September 19, 1902, the government introduced notes which were printed by Thomas De La Rue & Company Limited, England, during the reigns of Kings Rama V and Rama VI, denominated 5, 10, 20, 100, and 1000 ticals, still called baht in the Thai text — each denomination having many types,[2] with 1 and 50 tical notes following in 1918. In 1925, notes were issued in denominations of 1, 5, 10, 20, 100, and 1,000 baht with the denomination in both Arabic and Thai numerals without English text;[3] English speakers continued to refer to these as "ticals".[4]

In 1942, the Bank of Thailand was founded and took over responsibility for the issuance of paper money. 50 baht notes were briefly reintroduced in 1945, with 50 satang notes issued in 1946. The one baht note was replaced by a coin in 1957 and the five baht was replaced in 1972. 50 baht notes were again reintroduced in 1985, with the 10 baht note replaced by a coin in 1988. The EURion constellation has been used on the reverse of 100 and 1000 baht notes since 2003. Older notes are occasionally still found in circulation, for example, 10 baht notes, and these can usually be spent without problem. In any case, they can be exchanged for free in banks.

15th series

The 15th series are the oldest circulating banknotes in Thailand. They were issued throughout the year 2003 – 2005. The banknotes can still be seen and used in common manners.

15th series banknotes Archived 2013-02-20 at the Wayback Machine
Value	Dimensions	Main colour	Description		Date of issue
Value	Dimensions	Main colour	Obverse	Reverse	Date of issue
20 baht	138 × 72 mm	Green	King Bhumibol Adulyadej (1927–2016) in the uniform of the Supreme head of the armed forces	King Ananda Mahidol (1925–1946), and his visiting Sampheng with King Bhumibol, Rama VIII Bridge	3 March 2003
50 baht	144 × 72 mm	Blue		King Mongkut (1804–1868), astronomical tools, Phra Pathom Chedi	19 March 2004
100 baht	150 × 72 mm	Red		Type I: King Chulalongkorn (1853–1910) and the abolition of slavery in Thailand Type II: The statue of King Chulalongkorn and King Vajiravudh at the Chulalongkorn University	21 October 2005
500 baht	156 × 72 mm	Purple		Statue of King Nangklao (1788–1851) at Laan Phlub Phla Maha Jedsada Bodin, Loha Prasat at Wat Ratchanatdaram	1 August 2001
1,000 baht	162 × 72 mm	Brown		King Bhumibol Adulyadej, Pa Sak Jolasid Dam	25 November 2005

16th series

16th series banknotes[5]
Value	Dimensions	Main colour	Description		Date of issue
Value	Dimensions	Main colour	Obverse	Reverse	Date of issue
20 baht[6]	138 × 72 mm	Green	King Bhumibol Adulyadej in the Royal House of Chakri gown	King Ram Khamhaeng (1247–1298) on the Manangkhasila Asana Throne monument, invention of the Thai script, Ramkhamhaeng stele	1 April 2013[7]
50 baht[8]	144 × 72 mm	Blue		King Naresuan (1555–1605) pouring water for declaration of independence monument, King Naresuan during the Great on war elephant, Phra Chedi Chai Mongkol	18 January 2012[9]
100 baht[10]	150 × 72 mm	Red		King Taksin the Great (1734–1782) monument at the Wongwian Yai circle, Thonburi palace, Wi Chai Prasit Fortress	26 February 2015[11]
500 baht[12]	156 × 72 mm	Violet		King Buddha Yodfa Chulalok (1737–1809) monument at the Saphan Phut, Chedis at Wat Pho, Phra Sumen Fort	12 May 2014[13]
1,000 baht[14]	162 × 72 mm	Brown		King Chulalongkron, the Great, the Equestrian statue of King Chulalongkorn at the Royal Plaza, Ananta Samakhom Throne Hall, end-of-slavery declaration of Siam	21 August 2015[15]

16th series (special)

In 2016, after the passing of King Bhumibol, the Bank of Thailand issued the special series "The tribute to the great King Bhumibol". The reverses are replaced with the portrait of King Bhumibol through his life. The banknotes were rare at the first time being issued. As of 2018, however, the bills are commonly found and circulated in Thailand. Some Thais even mistakenly thought these were the new permanent series of banknotes.

16th series banknotes (special)[5]
Value	Dimensions	Main colour	Description		Date of issue
Value	Dimensions	Main colour	Obverse	Reverse	Date of issue
20 baht[6]	138 × 72 mm	Green	King Bhumibol Adulyadej in the Royal House of Chakri gown	Young prince Bhumibol in Lausanne Switzerland, his family members including; Prince Mahidol, Princess Mother, Prince Ananda, Galyani Vadhana	20 September 2017
50 baht[8]	144 × 72 mm	Blue		King Bhumibol reading a book, His coronation, his marriage with the Queen Sirikit, his monkhood
100 baht[10]	150 × 72 mm	Red		Rural areas visiting, his family including; Sirikit, Vajiralongkorn, Ubolratana Rajakanya, Sirindhorn
500 baht		Violet		His agricultural works and inventions including; Chai Pattana water mill and Fon Luang project
1,000 baht[14]	162 × 72 mm	Brown		60th Anniversary Celebrations of Bhumibol Adulyadej's Accession, the Bhumibol Bridge

17th series

The 17th series banknotes are the current ones issued for circulation in Thailand from 2018 on. Since the Thai ritual of printing the current king's portrait on the obverse, the King Bhumibol's passing leading the Bank of Thailand to reissue the new version featuring the new king, Vajiralongkorn's portrait. The banknotes's reverses are designed on the idea of the ten kings in the Chakri dynasty's contributions and works on improving the country. Each note's reverse contains two kings and their works, sorting from the Rama I to Rama X, from the 20 baht to 1,000 baht, accordingly.

On 24 March 2022, the 20 baht banknote was reissued as a polymer banknote. The 20 baht was selected to be changed from paper to polymer to improve the quality as it is the most widely used banknote and hence quickly gets soiled and damaged. The new banknote has the same design as before with some additional polymer-note security features.[16]

17th series banknotes[17]
Value	Dimensions	Main colour	Description			Date of issue
			Obverse	Reverse
			Obverse	Left	Right
20 baht	138 × 72 mm	Green	King Vajiralongkorn in the uniform of the commander of the Royal Thai Air Force	Kings Phra Buddha Yodfa Chulaloke and Grand Palace	King Phra Buddha Loetla Nabhalai and Thai mural of a scene from Enau	6 April 2018
50 baht	144 × 72 mm	Blue		King Nangklao and a Chinese junk	King Mongkut and Khao Wang	6 April 2018
100 baht	150 × 72 mm	Red		King Chulalongkorn, the great and his royal trip to visit Haakon VII of Norway in Norway. Bill show King Chulalongkorn the great - the royal trip to Norway; the picture shows himself riding in the car with Sam Eyde in Notodden, Norway. They were discussing about electricity as the king initiated the electricity usage in Siam after returning from Norway[18]	King Vajiravudh and the founding of Thai Boy Scouts	6 April 2018
500 baht	156 × 72 mm	Purple		King Prajadhipok (1893–1941) and his granting of the first constitution	King Ananda Mahidol and his visit to Sampheng with Prince Bhumibol at the time	28 July 2018
1,000 baht	162 × 72 mm	Brown		King Bhumibol Adulyadej and his visit to Nakhon Phanom, taking a lotus given by the elder Thoum	King Vajiralongkorn and his visit to somewhere in the rural Thailand	28 July 2018

The pictures displayed within the kings' portrait are the moment of each's works which could be described as follows:

Kings Phra Buddha Yodfa Chulaloke: The Grand Palace and Wat Phra Kaew represent his founding of the house of Chakri and the beginning of the Rattanakosin period. The two sites sit as the main hub and icon for the establishing of Bangkok.
King Phra Buddha Loetla Nabhalai: the mural of a scene from Enau represents his keen in literature, the Enau was translated and re-written as Thai poems from Javanese "Panji" by himself. During his reign, Siam was in the golden age of literature.
King Nangkhlao: Chinese junk represents his keen in trading with China as being called "Jao Sua" (เจ้าสัว), meaning the wealthy one.
King Mongkut: Khao Wang in Phetchaburi represents his dedication in astrology, making him the father of science for Thai. Khao Wang is the site of palaces and temple built by him, the site includes an observer as well.
King Chulalongkorn, the great: his royal trip to Russia, visiting the Tsar Nicholas II represents his great effort of pioneering the bonding relationships with western empires.
King Vajiravudh: his horse riding, marking the founding of Thai boy scout (Luk Suae - ลูกเสือ) and the Wild Tiger Corps (Kong Suae Pah - กองเสือป่า). The event also means his dedication to improving the education in Thailand, asides from establishing the Thai boy scout, he founded the first university of the kingdom, Chulalongkorn University.
King Prajadhipok: The declaration of the first constitution, as a result of Siamese revolution of 1932. He was the first king to be under the constitutional monarchy regime, marking the end of the long absolute monarchy in Thailand.
King Mahidol: The royal visit of Sampheng neighbourhood with his brother, Prince Bhumibol at the time. Sampheng is the major Thai-Chinese hub in Bangkok, his visit marked the acceptance of the Thai-Chinese population in Thailand for the first time in centuries.
King Bhumibol: his visit to Nakhon Phanom province, accepting a lotus from the elder Thoum. The picture is iconic throughout Thailand, indicating his kindness visiting people in rural Thailand and his humility to the elders.

Commemorative notes

In addition to the banknotes currently in circulation, numerous commemorative notes have been issued:

5 baht (1969): Date of the inauguration of the note printing works, Bank of Thailand (commemorative text added to regular 5 baht notes)
10 baht (1969): Date of the inauguration of the note printing works, Bank of Thailand (commemorative text added to regular 10 baht notes)
60 baht (1987): King Bhumibol Adulyadej's 60th birthday
50 baht (1990): Princess mother Srinagarindra's 90th birthday (commemorative text added to regular 50 baht notes)
500 baht (1990): Princess mother Srinagarindra's 90th birthday (commemorative text added to regular 500 baht notes)
1000 baht (1992): Queen Sirikit's 60th birthday (commemorative text added to regular 1000 baht notes)
10 baht (1996): 120th anniversary of the ministry of finance (commemorative text added to regular 10 baht notes)
50 baht (1996): King Bhumibol Adulyadej's 50th anniversary of accession to the throne (polymer note)
500 baht (1996): King Bhumibol Adulyadej's 50th anniversary of accession to the throne (polymer note)
500 baht (1996): King Bhumibol Adulyadej's 50th anniversary of accession to the throne (a different emblem)
1000 baht (1999): King Bhumibol Adulyadej's 72nd birthday (a different emblem)
50 baht (2000): 50th anniversary of royal wedding of King Bhumibol Adulyadej and Queen Sirikit
500,000 baht (2000): 50th anniversary of royal wedding of King Bhumibol Adulyadej and Queen Sirikit
100 baht (2002): The centenary of the issuance of Thai banknotes
100 baht (2004): Queen Sirikit's 72nd birthday
60 baht (2006): 60th Anniversary Celebrations of Bhumibol Adulyadej's Accession to the throne
16 baht (2007): King Bhumibol Adulyadej's 80th birthday (1, 5, 10 baht)
100 baht (2010): King Bhumibol Adulyadej's 60th anniversary of coronation day and the 60th anniversary of the wedding of the King and Queen Sirikit
100 baht (2011): King Bhumibol Adulyadej's 84th birthday
80 baht (2012): Queen Sirikit's 80th birthday[19]
100 baht (2012): Crown Prince Maha Vajiralongkorn's 5th Cycle (60th) birthday[19]
100 baht (2015): Princess Maha Chakri Sirindhorn's 5th Cycle (60th) birthday[20]
70 baht (2016): 70th anniversary of King Bhumibol Adulyadej's accession to the throne[21][22][23]
500 baht (2016): Queen Sirikit's 7th cycle (84th) birthday[24][25]
20 to 1,000 baht (2017): In remembrance of King Bhumibol Adulyadej.
100 baht (2020): The 1st anniversary of the Royal Coronation Ceremony of Maha Vajiralongkorn (Rama X).
1,000 baht (2020): The 1st anniversary of the Royal Coronation Ceremony of Maha Vajiralongkorn (Rama X).

References

Wararat; Sumit (Feb 26, 2012). "Thai Banknote Evolution". Bank of Thailand. By Royal Command, the Siamese Currency Notes Act, R.E. 121 was promulgated on June 24, 1902.
"Banknotes, Series 1". Bank of Thailand. Feb 26, 2012. Archived from the original on April 4, 2016. Retrieved December 22, 2018. The design was printed only on one side; so the note was called 'Uniface banknote'. There were 7 denominations....
"Banknotes, Series 2". Bank of Thailand. Feb 26, 2012. Archived from the original on July 4, 2012. Retrieved December 22, 2018. on the back side was the picture of the Royal Ploughing Ceremony. This type of banknote was called "Ploughing Ceremony Note".
Duncan Stearn (27 June – 3 July 2003). "Rise of state-sponsored militarism and socialism". Pattaya Mail. Pattaya: Pattaya Mail Publishing Co. XI (26). Archived from the original on 1 November 2011. Retrieved 18 Feb 2012. Does Japan dominate Siam?" I asked a leading Englishman in Bangkok. He laughed quietly: "Have you any Siamese money?" he asked. I drew out a five-ticul note (about 2 dollars 50c). "Read what is printed at the foot of the note", he commanded. I read, "Thomas de la Rue and Co., London". With calm confidence he said: "As long as the word 'London' stands on that Siamese bill, it is not Japan but another little island which will have the larger say in the Kingdom of Siam.
"Circulating Banknotes". Archived from the original on 2013-02-20. Retrieved 2018-12-22.
"20_16". www.bot.or.th. Archived from the original on 2018-12-23. Retrieved 2018-12-22.
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"50_16". www.bot.or.th. Archived from the original on 2019-04-02. Retrieved 2018-12-22.
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"100_16". www.bot.or.th. Archived from the original on 2018-12-22. Retrieved 2018-12-22.
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"500_16". www.bot.or.th. Archived from the original on 2018-12-23. Retrieved 2018-12-22.
Press release announcing the issuance of the Series 16 500 baht banknote Archived 2015-04-03 at the Wayback Machine Bank of Thailand (www.bot.or.th). Retrieved on 2014-05-08.
"1000 Baht Series 16". www.bot.or.th. Archived from the original on 2018-12-23. Retrieved 2018-12-22.
Press release announcing the issuance of the Series 16 1,000 baht banknote Archived 2015-10-09 at the Wayback Machine Bank of Thailand (www.boh.or.th). Retrieved on 2015-08-18.
"The Bank of Thailand will start issuing 20 Baht Polymer Banknote on 24 March 2022". Bank of Thailand. 20 January 2022. Archived from the original on 20 January 2022. Retrieved 9 May 2022.
"The Bank of Thailand Launches New Series of Thai Banknotes (Series 17), BOT Press Release No. 17/2018" (PDF). Archived (PDF) from the original on 10 March 2018. Retrieved 8 March 2018.
"King Chulalongkorn of Thailand's visit to Norway in 1907". Archived from the original on 2021-05-05. Retrieved 2022-04-22.
"The Introduction of Two Commemorative Banknotes on the Auspicious Occasions of Her Majesty the Queen's 80th Birthday Anniversary 12 August 2012 and His Royal Highness Crown Prince Maha Vajiralongkorn's 5th Cycle Birthday Anniversary" (PDF). Bank of Thailand. 3 July 2012. Archived (PDF) from the original on 1 September 2012. Retrieved 18 October 2012.
Thailand new 100-baht commemorative note confirmed Archived 2015-04-10 at the Wayback Machine. Banknote News. April 3, 2015. Retrieved on 2015-04-09.
Thailand new 70-baht commemorative note reported for 09.06.2016 introduction Archived 2018-10-25 at the Wayback Machine BanknoteNews.com. May 30, 2016. Retrieved on 2016-05-30.
The Bank of Thailand to Launch Commemorative Banknote in the Seventieth Anniversary Celebrations of His Majesty's Accession to the Throne 9th June 2016 Archived 2016-12-20 at the Wayback Machine Bank of Thailand. Retrieved on 2016-05-30.
"Banknote to commemorate King's 70-year reign". Bangkok Post. 2016-05-30. Archived from the original on 2022-04-22. Retrieved 31 May 2016.
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Thailand new 500-baht commemorative note (B187) reported Archived 2018-10-25 at the Wayback Machine BanknoteNews.com. August 1, 2016. Retrieved on 2016-08-01.