Thursday, January 12, 2012
Bank of Thailand Launching New Banknote Series
Mr Prasarn said that the new notes comprise five denominations -- Bt20, Bt50, Bt100, Bt500 and Bt1,000. Their size and colour remain unchanged from the present notes.
First launches will be the Bt50 banknote on January 18, the date commemorating the glorious victory of King Naresuan the Great in traditional royal combat on elephant back in 1593, he said.
The BoT governor said that about 190 million Bt50 banknotes currently circulate in the system, and that the new issue would cost Bt5 higher then the currently used notes.
The central bank has applied newest technology as a security feature for the Bt50 note to prevent counterfeiting which included the watermark which HM the King's portrait will be shown on the right side and a watermark of Thai numeral 50 is especially transparent.
The current Bt50 banknote and those previously issued would also be legal tender by law, he said. (MCOT online news)