Currency
The basic Thai monetary unit is the baht. The baht is divided into l00 satangs. The baht is worth approximately 4.00 US cents.Copper coins are valued at 25 and 50 satang, silver coins at l baht, 5 baht and l0 baht. Bank notes are valued at 20 baht (green), 50 baht(blue), l00 baht (red), 500 baht (purple) and l,000 baht (grey) - all in different sizes.
The basic Thai monetary unit is the baht. The baht is divided into l00 satangs. The baht is worth approximately 4.00 US cents.Copper coins are valued at 25 and 50 satang, silver coins at l baht, 5 baht and l0 baht. Bank notes are valued at 20 baht (green), 50 baht(blue), l00 baht (red), 500 baht (purple) and l,000 baht (grey) - all in different sizes.
The Bank of Thailand
Established as the central bank in 1942, its major current functions include issuing notes,acting as the Governments banker in local and international financial dealings, supervising commercialbanks and other financial institutions, maintaining exchange controls, managing national debts and advising on monetary policies.The bank's headquarters are in Bangkok. Three branches are located in Songkhla,Khon Kaen and Lampang.
Thai banks are adorned with the garuda — the Thai royal and national symbol which signifies "By Royal Appointment". The garuda symbol is awarded at H.M. the King's personal discretion as a sign of royal approval to companies that have rendered Thailand outstanding economical and charitable services.
Commercial Banks
There are 15 Thai banks having 2,871 branches, including head offices, throughout Thailand (813 in Bangkok, 2,058 in the provinces).14 foreign banks with 16 branches are also operating.
Government-owned banks include the Government Savings Bank, (540 branches, including head office), the Bank for Agriculture and Agricultural Co—operatives
(80 provincial branches, 361 subprovincial branches, 1 head office
and 3 branches in Bangkok), the Government Housing Bank (17 branches in the provinces and I5 branches in Bangkok), and the most recent, the Export — Import Bank of Thailand with its head office in Bangkok and one other branch in Hat Yai.
The Industrial Finance Corporation of Thailand (IFCT) is the only industrial development bank in Thailand. IFCT funds come from sources as diverse as the Thai
Government, the World Bank and the Japan Export—Import Bank.
Capital Market
The Securities Exchange cf Thailand was established in 1974 with the express purpcse cf mcbilising naticnal capital development.
Established as the central bank in 1942, its major current functions include issuing notes,acting as the Governments banker in local and international financial dealings, supervising commercialbanks and other financial institutions, maintaining exchange controls, managing national debts and advising on monetary policies.The bank's headquarters are in Bangkok. Three branches are located in Songkhla,Khon Kaen and Lampang.
Thai banks are adorned with the garuda — the Thai royal and national symbol which signifies "By Royal Appointment". The garuda symbol is awarded at H.M. the King's personal discretion as a sign of royal approval to companies that have rendered Thailand outstanding economical and charitable services.
Commercial Banks
There are 15 Thai banks having 2,871 branches, including head offices, throughout Thailand (813 in Bangkok, 2,058 in the provinces).14 foreign banks with 16 branches are also operating.
Government-owned banks include the Government Savings Bank, (540 branches, including head office), the Bank for Agriculture and Agricultural Co—operatives
(80 provincial branches, 361 subprovincial branches, 1 head office
and 3 branches in Bangkok), the Government Housing Bank (17 branches in the provinces and I5 branches in Bangkok), and the most recent, the Export — Import Bank of Thailand with its head office in Bangkok and one other branch in Hat Yai.
The Industrial Finance Corporation of Thailand (IFCT) is the only industrial development bank in Thailand. IFCT funds come from sources as diverse as the Thai
Government, the World Bank and the Japan Export—Import Bank.
Capital Market
The Securities Exchange cf Thailand was established in 1974 with the express purpcse cf mcbilising naticnal capital development.
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