New banknotes coming in December

The Bank of Thailand board yesterday approved the printing of new banknotes as the present currency notes - the "15th set"- had been in circulation for 12 years now.

The 16th set banknotes - those worth Bt20, Bt50, Bt100, Bt500 and Bt1,000 - would include more anti-counterfeit features. The new set format was currently awaiting approval from the Royal Household Bureau. It was expected to be distributed for use after December 5.

Assistant to the BOT Governor, Jittima Duriyaprapan, said the bank's fake banknote monitoring team had found a 39 per cent drop in the first half of this year, compared to last. About half the fake banknotes were found in Central Thailand - especially Pattaya, Ayutthaya, and Khamphaeng Phet- because the region had more cash flow than other regions, and the bank had worked with police to trace the sources of these counterfeit banknotes, she said.

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