News From BSA Law: New Bt1,000 Banknote Now In Circulation

Top Quote BSA Law advises that a new Bt1,000 banknote designed to be harder to counterfeit is now available for exchange at state-owned and commercial banks in Thailand. End Quote
  • (1888PressRelease) September 01, 2015 - Governor of the Bank of Thailand, Prasarn Trairatworakul, said the new Bt1,000 banknote, the 16th model, was issued in commemoration of the late King Rama V the Great. The design of the banknote tells of the important activities of the King, while new printing technology was used in producing the banknote to make counterfeiting difficult.

    The new banknote is brown in colour and features watermarks of the portrait of His Majesty the King and 1000 digits which are specially transparent and can be seen clearly from both sides of the note when exposed to light.

    During the next three to four months, over 100 million of the new banknotes are available for exchange. After this, more of the banknote will be printed and it is expected the new banknote will replace all the old banknotes of similar denomination in two years.

    "The new Bt1,000 banknote follows the issuance in February 2015 of a new Bt100 banknote to commemorate and honour King Taksin the Great, which also uses an advanced anti-forgery printing design and allows the blind to easily identify the note's denomination. The water mark of the Thai numeral 100 is specially transparent on both sides when held up to the light", noted Apisakdi Kongkangwanchoke, the spokesman for BSA Law.

    In May of 2014 the Bank of Thailand entered into circulation a new Bt500 banknote, also designed to be difficult to counterfeit.

    A new Bt100 commemorative banknote was also introduced in April of 2015 marking the 5th cycle birthday of Her Royal Highness Princess Maha Chakri Sirindhorn. Bank of Thailand governor Prasarn said the banknote was to pay tribute to the princess for her incomparable contributions to the country.

    A leading international law firm in Thailand, BSA Law provides financial services and advice, as well as that on a range of issues including Thai law, Thai labour law, Thailand work permit and visa processes, accounting, auditing and tax consulting, investment advice and starting a business in Thailand.

    It also specializes in assisting foreigners employed in Thailand with a Thailand work permit to file their annual Personal Income Tax return, which they are required to do so under Thai law the same as their Thai colleagues.

    About BSA Law:
    For over 30 years, Bamrung Suvicha Apisakdi Law Associates (BSA Law) has focused on providing reliable legal advice and services to the Thai and foreign business community in Thailand. BSA Law seeks to provide international standards of legal services while retaining the customs of the Thai business culture.

    For more information please contact:

    Jim Byrne
    Business Advisor, BSA Law.
    Email: jim ( @ ) bsalaw dot co dot th

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