New 1,000 baht notes to be available for exchange on August 21
New 1,000 baht banknotes which are harder for counterfeiting will be available for exchange at all state-owned and commercial banks as of August 21.
Bank of Thailand governor Prasarn Trairatworakul said Monday that the new 1,000 baht banknotes, the 16th model, were issued to commemorate the late King Rama V the Great. The designs on the banknote tell a story of the important activities of the Great King and new printing technology was used in the printing of the banknotes which will make counterfeiting difficult, he added.
The new banknote’s size is 72 mm x 162 mm and is in brown colour. The water marks of the portrait of His Majesty the King and the figures 1000 are specially transparent and can be seen clearly from both sides of the note when exposed to light.
August 21 was chosen as the date for the exchange and distribution of the new 1,000 baht banknotes because it was the day when the late King Rama V announced the scrapping of slavery in Siam.
Over 100 million notes are available for exchange during the first 3-4 months after which more notes will be printed.
The new 1,000 baht banknotes are expected to replace all the old banknotes of similar denomination in two years.
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