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Rama III (1824–1851) was the first king to con­sider the use of a flat coin. He did so not for the con­ve­nience of traders, but be­cause he was dis­turbed that the crea­tures liv­ing in the cowrie shells were killed. When he learned of the use of flat cop­per coins in Sin­ga­pore in 1835, he con­tacted a Scot­tish trader, who had two types of ex­p...

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...

Ngoen (เงิน) is Thai for "sil­ver" as well as the gen­eral term for money, re­flect­ing the fact that the baht (or tical) is fore­most a unit of weight for pre­cious met­als and gem­stones. One baht = 15.244 grams. Since the stan­dard pu­rity of Thai gold is 96.5 per­cent, the ac­tual gold con­tent of one baht by weight is 15.244 × 0.965 = 14.71046...

The Bank of Thai­land adopted a se­ries of ex­change con­trols on 19 De­cem­ber 2006, which re­sulted in a sig­nif­i­cant di­ver­gence be­tween off­shore and on­shore ex­change rates, with spreads of up to 10 per­cent be­tween the two mar­kets. Con­trols were broadly lifted on 3 March 2008 and there is now no sig­nif­i­cant dif­fer­ence be­tween of...

Rama III (1824-1851) was the first king to consider the use of a flat coin. He did so not for the convenience of traders, but because he was disturbed that the creatures living in the cowrie shells were killed. When he learned of the use of flat copper coins in Singapore in 1835, he contacted a Scottish trader, who had two types of experimental coi...

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 i...

Ngoen (เงิน) is Thai for 'silver' as well as the general term for money, reflecting the fact that the baht (or tical) is foremost a unit of weight for precious metals and gemstones. One baht = 15.244 grams.Since the standard purity of Thai gold is 96.5 percent, the actual gold content of one baht by weight is 15.244 × 0.965 = 14.71046 grams; equiva...

The Bank of Thailand adopted a series of exchange controls on 19 December 2006, which resulted in a significant divergence between offshore and onshore exchange rates, with spreads of up to 10 percent between the two markets. Controls were broadly lifted on 3 March 2008 and there is now no significant difference between offshore and onshore exchang...