Unique 70 Baht banknote printed in honour of Thai monarch

News in Asia
Unique 70 Baht banknote printed in honour of Thai monarch

The Bank of Thailand has announced the release of a special banknote to commemorate the king’s accession to the throne. King Bhumibol was officially proclaimed monarch on 9 June 1946 and the new notes celebrate this milestone occasion.

The notes are being printed to the unusual value of THB70 and will be available from banks throughout the country from 9 June 2016 onwards. Bank of Thailand governor Veerathai Santipraphob stated that 20 million of the banknotes were being printed and he expected this would be enough to satisfy the expected high demand.

Although the notes will have a face value of THB70, they come with a commemorative envelope and will cost THB100. Governor Santipraphob said the extra THB600 million above the face value of the collection would be donated to King Bhumibol.

Banknotes with the number 70 on them are a rarity and numismatists say they will become highly sought after in years to come. They also offer international tourists the opportunity of acquiring a souvenir with a difference.

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