The Bank of Thailand has printed 20 million banknotes of 70-baht denomination to celebrate His Majesty the King’s 70th anniversary of accession to the throne.
Central Bank governor Veerathai Santipraphob said that the new banknotes would be allocated to commercial banks for distribution to members of the public who are interested to exchange them for keeping.
He believes that 20 million notes are sufficient to meet demand and there will be no additional printing.
The banknotes will be available to the public as of June 9 at all commercial banks and state-owned banks such as Government Savings Bank, Bank of Agriculture and Agricultural Cooperatives, Islamic Bank and Government Housing Bank.
Each banknote, to be contained in an envelope, can be exchanged at 100 baht each.
The governor said that the price difference, altogether 600 million baht for the 20 million banknotes, will be donated to HM the King.