Thai Currency
The Thai unit of currency is the baht which is worth a little less than 4 US cents. One US dollar = approximately 35 baht.(09/09/2009)
The baht is divided into 100 satang. "Copper" coins are valued at 25 and 50 satang. "Silver" coins are in denominations of 1' 2 and 5 baht. A 10 baht coin is composed of both "silver" and "copper". Banknotes are valued at 10 baht (brown), 20 baht (green), 50 baht (blue), 100 baht (red), 500 baht (purple) and 1,000 baht (khaki).
Exchange Control
1. Foreign tourists may freely bring in foreign banknotes or other types of foreign exchange. Upon leaving Thailand, a foreign
tourist may freely take out foreign means of payments which he brought in with him, with the exception that foreign notes or coins are limited to a maximum equivalent of US$ 10,000 or the amount declared in writing to Customs upon arrival. Failure to do so may lead to arrest, confiscation of the excess amount involved and/or prosecution.
2. For travellers leaving Thailand, the maximum amount permitted to take out without prior authorization is 50,000 baht per person
3. Foreign visitors may bring in personal effects and other goods which are not prohibited by current customs regulation. Other than personal effects, departing visitors are also allowed to take out merchandise bought from duty free shops, precious stones, gold and platinum ornaments.
4. Foreign visitors are welcome to open a foreign currency account with any commercial bank in Thailand. As a special gesture to nonresidents, no restrictions are imposed on the maintenance of and withdrawal from the account, as long as the funds originate from abroad.
For additional information concerning foreign exchange regulations, please contact any authorized banks.
site :http://www.bkkpages.com/finance/currency-exchange
http://th.wikipedia.org/
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