First coins of Rama X readied for April debut
The first coins and banknotes to circulate under His Majesty the King's reign are expected to be launched in April, says an informed source at the Finance Ministry.
The Treasury Department has prepared to mint a new set of circulating coins featuring a portrait of His Majesty King Maha Vajiralongkorn, the source said.
The new coins will comprise nine denominations: 10 baht, five baht, two baht, one baht, 50 satang, 25 satang, 10 satang, five satang and one satang. Those valued at less than 25 satang are used for banks' account settlements.
The source said the Treasury Department will hold a media briefing on the issue later this month.
"The size and weight of the new circulating coins will be the same as the circulating coins under the reign of the late King Bhumibol Adulyadej, to be compatible with current vending machines," the source said. "Current coins can still be used, and the department will replace worn coins with new coins under His Majesty the King's reign."
The central bank has scheduled a press conference about banknotes for today, but details are unknown.