The History of Thai Currency ? from Ancient Beads to Modern Baht
The history of Thailand currency traces the evolution of the medium of exchange used in Thailand prior to the 1st century. This dates from the days of barter trade, ancient beads and money in various shapes and sizes till the currency in modern times.
Ancient beads, seeds, bracelets and pebbles used as a medium of exchange in the early days around 200 ? 300 BC, have been discovered in Thailand, including old Roman copper coins dating back to 270 BC!
During the 1st ? 7th centuries, metallic coins of the Funan Kingdom in Indochina made their appearance in Thailand, followed by Dvaravati coins in the 7th ? 11th centuries. This was followed by a period in the history of Thai currency when money in different shapes and sizes from various places were in use.
Sandal wood flower coins or Dok Jan coins from the Sri Vijaya Kingdom in SE Asia were introduced in trade in the region in the 8th ? 13th centuries. Cowrie shells and baked clay coins were also used from the pre- Sukhothai era until the reign of King Rama IV, when they were dropped from circulation.
From the 14th ? 19th centuries, coins from the Lanna Kingdom in the northern Thailand embossed with various designs were also in circulation. Around the same period, 15th ? 19th centuries, Lanchang, the kingdom in northeastern Thailand introduced silver and copper pieces in long and narrow boat shapes.
In the history of Thai currency, the money that was most enduring was Pot Duang or bullet money. This first appeared during the Sukhothai era, 13th ? 14th centuries. Pot Duang money were hand-made coins. Metal strips were bent and folded into spheres very much like a bullet, thus the name, bullet money.
Bullet money was in circulation for 600 years from the Sukhothai era to Rattanakosin until its withdrawal from circulation in 1904 during the reign of King Rama V.
The most profound changes in the history of Thai currency occurred during the Rattankosin era in the reigns of King Rama IV and King Rama V. Standardized factory minted coins and bank notes were officially issued.
During the reign of King Rama IV, when foreign trade and diplomatic relations expanded, the paper money, in the form of royal promissory notes, was issued in 1853. These were followed by bank notes issued by the foreign to facilitate trade clearance.
In 1857, Queen Victoria of Britain presented Thailand with the first minting machine and the minting of the first Thai silver coins commenced. In 1858, a minting machine purchased from Britain and the Royal Mint was set up in the Grand Palace and the minting of coins went ahead full steam.
In the reign of King Rama IV, money was denominated in satang, tho, phi, padueng and baht.
During the reign of King Rama V, or King Chulalongkorn, coinage was streamlined. The numerous denominations were reduced to only two, satang and baht, based on the metric system, which remain till this day. Bank notes issued were in denominations of 1, 5, 10, 40,80, 100, 400 and 800 baht.
Today, the denominations have been streamlined to 25, 50 satang coins, 1, 5, 10 baht coins and 20, 50, 100, 500, 1,000 baht notes.
The history of Thai currency goes back more than 1,000 years, evolving from ancient beads and bracelets to the modern baht that's in current use.
The ancient beads, bullet money and old currencies can be viewed at the Bank of Thailand Museum in Bang Khun Phrom Palace within the premises of the Central Bank of Thailand.
The History of Thai currency first appeared in Tour Bangkok Legacies, a travel website with a historical perspective of renowned places preserved for posterity and the legendary figures who left these legacies in the landscape of Bangkok. The author, Eric Lim, is a freelance writer who lives in Bangkok Thailand.
 Google News Updated : Fri, 05 Sep 2008 14:05:39 GMT Nokia Forecasts Drop in Third-Quarter Market Share (Update1) - Bloomberg
Bloomberg - By Juho Erkheikki Sept. 5 (Bloomberg) -- Nokia Oyj, the world's biggest maker of mobile phones, forecast a drop in third-quarter market share after competitors slashed prices and a new handset was delayed. Nokia Sees Market Share Slipping in Third Quarter Nokia Lowers its Third Quarter 2008 Mobile Device Market Share Outlook Publ.Date : Fri, 05 Sep 2008 12:50:07 GMT Reviews of McCain's speech - MSNBC
MSNBC - The AP’s Ron Fournier says McCain “preached bipartisanship and unity from a stage retooled to carry him out to the Republican faithful. McCain: I work for you ‘Change is coming,’ McCain tells GOP in speech Publ.Date : Fri, 05 Sep 2008 13:35:16 GMT In Long-Awaited Maps of Cancer, The Breakthrough Is the Problem - Wall Street Journal Wall Street Journal - By GAUTAM NAIK After struggling for years to improve the treatment of cancer, scientists now hope to fight the disease with the help of the same techniques that deciphered the human genome eight years ago: mapping it. What You Need to Know About Mapping the Cancer Genome Data on defective genes make tailored remedies possible Publ.Date : Fri, 05 Sep 2008 04:01:28 GMT Lebanese ruling majority accuses Syria of interfering in Lebanon - Xinhua
Xinhua - BEIRUT, Sept.5 (Xinhua) -- Lebanese ruling majority accused Syrian President Bashar Assad of interfering in Lebanese internal affairs and not recognizing Lebanon's sovereignty, local press Naharnet reported Friday. Video: Sarkozy in Syria : the press is divided Editor's Notes: A losing battle, so far Publ.Date : Fri, 05 Sep 2008 11:59:29 GMT PIECING TOGETHER A PLEA How the deal got done - Detroit Free Press
Detroit Free Press - BY JOE SWICKARD • FREE PRESS STAFF WRITER • September 5, 2008 Prosecutors rolled Detroit Mayor Kwame Kilpatrick's plea deal into court Thursday praying the wheels wouldn't fall off. Detroit Mayor Acknowledges 'Poor Judgment' Detroit mayor pleads guilty, to leave office Publ.Date : Fri, 05 Sep 2008 07:57:24 GMT Dell looks to sell factories worldwide - CNNMoney.com
CNNMoney.com - By Scott Moritz Dell (DELL) is getting more serious about trimming costs and is exploring plans to sell its PC manufacturing plants, according to a news report Friday. Dell said to consider sale of factories Ahead of the Bell: Dell may sell plants, WSJ says Publ.Date : Fri, 05 Sep 2008 13:15:09 GMT Lavrov rejects Cheney's attack on Russia - CNN International
CNN International - By CNN's Matthew Chance MOSCOW, Russia (CNN) -- Russia on Friday rejected sharp criticism by US Vice President Dick Cheney that its intervention in Georgia raises doubts about Moscow's reliability as an international partner. Video: Cheney Slams Russia for War Against Georgia Russia says Cheney fanning Georgian aggression Publ.Date : Fri, 05 Sep 2008 12:45:40 GMT Increased Website Traffic |
PARLOT::Ebooks, Scripts,
Websites, and more... My ancestry includes Colonel Miles (or Myles) Keough (or Keogh)... Read More Silver is widely diffused but is rarely found in the... Read More Feng shui handles five main elements in order to achieve... Read More From the creative explosion marking the outset of the universe... Read More THE BICYCLE OF LEONARDO DA VINCI: - "? a man... Read More "Bohemian Grove is 'the greatest men's party on Earth', according... Read More Amber, the gem of a stone that's not really a... Read More ~ Dread is dizziness unto freedom-freedom that gazes down into... Read More Your own shirt designed and made by you for your... Read More Throughout the ages, men and women have used gemstones and... Read More If you have been following gymnastics for any length of... Read More I had become too sick to live in America.Even with... Read More A single-parent rose from obscurity in 8 years to become... Read More I: - A vowel that didn't appear in sacerdotal alphabets... Read More At a recent art show, I could not help but... Read More I cannot emphasize enough the dearth of information, or the... Read More What fairy tales of enchanted princesses and legendary lore of... Read More OGHAM:As any reader of my work knows by now, Ogham... Read More A woman creates life from her womb, and man tries... Read More Many 'fabulous' personages and concepts are created by man. Some... Read More "Ouvea is everything you'd expect in a South Pacific island.... Read More Many people collect Inuit art as investments. Inuit art is... Read More A true love story"So, was it an eyes-meet-across-the-room-thing and you... Read More Lance Armstrong bracelets, the yellow rubber wrist bands inscribed with... Read More Russian porcelain is widely known and is often used as... Read More
Adsense
websites
Crazy Horse
Sterling Silver Jewelry - The Rest Of The Story
The Five Feng Shui Elements and Their Characteristics
Progress Versus Perfection
Leonardo Da Vinci
Bohemian Grove
Amber Mysteries Revealed
The Contingencies of Despair: How Existentialists Survive
How to Make Your Civil War Uniform Shirt
Bewitching Jewelry -- Amulets, Talismans and Charms
Carly Patterson: What Makes A Champion?
Cant Afford Illness in America
Celebrating Obscurity: A Tribute To J. K. Rowling
I, Ego, and Power
Insider Tips to Quadruple Your Art Show Sales
Josephine the Merovingian
Precious Stones - The Big Five: Part 2, The Ruby
Ogham and Aymara
Man and His Machines
Miss-story
Return to Ouvea, New Caledonia
Inuit Eskimo Art As Investments
Can You Hear My Secret Calling
Lance Armstrong Bracelets: Fashion Accessories for a Worthy Cause
Old Russian Symbolics on a White and Blue Porcelain
Affordable and Reliable Web Hosting Starting at $4.49/Month
Gymnastics History ? A Brief Overview
Gymnastics, as an activity, has been around for more than... Read More
Amber Mysteries Revealed
Amber, the gem of a stone that's not really a... Read More
How To Get Rich and Die Quick!
It is funny how web site promotion can suddently plunge... Read More
Are You Embarassed by Your Civil War Uniform Impression?
"Authentic," "authentic," "authentic" is all you hear if you are... Read More
The Origin of Americas Corporate Elite (BC)
Ephesus had a shrine to the Anatolian mother-goddess and the... Read More
African Masks The Art of Creation
With western eyes we tend to view a tribal mask... Read More
What About Those Pyramids?
'Mr. Rhodes aspired to be the creator of one of... Read More
Peruvian Artist Shares Why Preservation of Culture and Rituals Sacred To His Art
My artistic endeavor have led me towards a personal sense... Read More
Merton Abbey Mills Developments
For those who don't know, Merton Abbey Mills is an... Read More
Hip-hop Jewelry and Todays Stars
Watch any of the major movie, television, and music award... Read More
Sir Francis Drake
FRANCIS DRAKE: - It is my perspective that history has... Read More
OM to Ogham
Plato observed that the advent of an alphabet making writing... Read More
Timbuktu and Brotherhood Too
Juba II in America:Ahmed Osman tells us about the destruction... Read More
Bohemian Grove
"Bohemian Grove is 'the greatest men's party on Earth', according... Read More
What Sets Chinese Painting Apart From Western Painting
Because of different instruments, materials and cultural background, Chinese paintings... Read More
ML - CHI - Zadok and the Making of Gold
ATOMIC HIGH-SPIN TECHNOLOGY: - In 1950 B.C. there was a... Read More
Egyptian Handmade Perfume Bottles
Blown glass, a very ancient technique, is the oldest among... Read More
Mexican Living: The Unexplained
The inexplicable bothers me. It always has. You know, the... Read More
The Five Feng Shui Elements and Their Characteristics
Feng shui handles five main elements in order to achieve... Read More
History of the Royal Barges - a Timeless Tradition
The history of the royal barges dates back to the... Read More
Heraldry in the Crafts--Why Not Specialize?
I have a small website where I try to sell... Read More
Violence
Flashes of memory stream into my consciousness. They take me... Read More
A Defense of Cultural Intelligence
When humans set off to address fundamental issues about what... Read More
Native American Indian Art Wood Carvings of the Pacific Northwest
Native American Indian art in the American southwest is dominated... Read More
Fictions Galore
FABULOUS: - Many 'fabulous' personages and concepts are created by... Read More
Humanities |