Feb 16, 2014

Insufficient supply of 25 and 50 Satang coins

Thailand 's Treasury Department has recently revealed that supply of 25 and 50 Satang coins, i.e. the face values of 0.25 and 0.50 Baht, are inadequate.

Total number of coin in circulation is 25 billion coins, worth 50 billion Bahts at face values, constituting 5% of the entire cash supply. Numbers of 25 and 50 Satang coins in circulation are 3.269 and 2,234 billion coins.

To alleviate the deficiency, the department has started contacting various Buddhist monasteries where there are a lot of donated money in small denominated coins and asked them for those in exchange with larger bills. The department is also study long term ways to solve the problem.

Ref: Matichon

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