Tl is the currency used in which country?

1. Thai baht THB (ISO 42 17 code: THB) is the official currency of Thailand and is issued by the Bank of Thailand, the central bank of Thailand. 1 Thai baht is equal to 100 shadang. The head of King Rama IX bhumibol adulyadej of Thailand is printed on the front of every Thai baht note and coin.

2.20 18 On April 6th, Thai BahtNo. 17 was issued, and all banknotes and coins were changed to Maha Vajiralongkorn, King of Rama X, Thailand. There are five denominations of banknotes in circulation in Thailand: 20, 50, 100, 500 and 1000, and six denominations of coins: 25.50 sadang and 1.2.5. 10. 1 Thai baht equals 100 Sadang.

1. Thai baht issue history:

Before A. 1897, 1 baht equals 8 beams, and 1 8 Fuang equals 8att. The current decimal system (that is, 1 Thai baht equals 100 Sadan) was formulated by Rama V. However, before 1940s, it was called Tika, which was later renamed as Thai baht. It turns out that Thai baht is a unit of weight, equivalent to 15g. Because one teka is equivalent to 15 grams of silver, it is simply named baht. 1902165438+1October 27th, the Thai baht was no longer linked to pure silver, because the price of silver depreciated sharply against the gold standard currency. On September 19 of that year, Thailand issued the first batch of banknotes with face values of 5. 10, 20, 100 and 1000.

B. 1 946 The official exchange rate in May is set as follows: 9.95 baht equals 1 USD, and 40 baht equals1GBP. 1947 In March, the Thai government recognized the free market exchange rate and adopted a differential exchange rate for import and export trade settlement, ranging from 9.95 to 23.60 baht to 1 USD. 1949 September 18, the pound depreciated, and on September 26th, the Thai baht depreciated by 30.5%. The official price against the US dollar was reduced to 12.50 baht, equivalent to 1 US dollar, and the free market exchange rate was 23.54 baht, equivalent to 1 US dollar.

C from world war ii to 1980, the Thai baht was pegged to the us dollar, and the exchange rate was fixed at 20 baht 1 us dollar. Due to the continued strength of the United States, Thailand devalued the Thai baht to 25 baht on 1985 until the Asian financial crisis broke out on July 2, 1997. 1998 65438+ 10, the Thai baht changed to a floating exchange rate, and immediately depreciated by half to 56 baht against the US dollar. After that, it rose to 40 baht 1 USD. From the end of 2006 to the beginning of 2007, driven by the rapid development of Thailand's export industry, the Thai currency experienced a period of "skyrocketing", and the exchange rate against the US dollar changed from 39 to 34 (April 2007), which made the tourism industry experience fluctuations.