On 6th April, the first series of circulating banknotes of Thailand under King Maha Vajiralongkorn Bodindradebayavarangkun would be released in three denominations -20-, 50- and 100-baht. The 500- and 1,000-baht-denominated banknotes will be released on 28th July which is also the King’s birthday.
The obverse depicts the king wearing a Royal Thai Air Force uniform. Portraits of two former kings with images of their royal duties are shown on the reverse. Size and colour would be the same for a smooth transition. Apart from the security features of the earlier versions, a new moving effect is included in the 100-baht note security thread. The placement of Roman alphabet with Arabic numerals is vertical.
Old notes can be exchanged for new ones at any commercial or state-owned banks. The first coins under the new King could be out next month. These include denominations like 10 baht, 5 baht, 2 baht, 1 baht, 50 satang, 25 satang, 10 satang, 5 satang and 1 satang. Coins worth less than 25 satang will be used for bank account settlements.
The last series of banknotes commemorating the late King Bhumibol Adulyadej was printed on 20th September 2017. They were of the denominations 20-, 50-, 100-, 500- and 1,000-baht and featured pictures of the late King at different ages.
Image Courtesy: Bank of Thailand