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The Thai Money (Notes and Coins)
The Baht, Satang and Salueng
Thai money is called
"baht". There's also a "satang"
and a "salueng" (for loose change in
similar to cent and quarter respectively). One hundred
"satangs" make one "baht" ... just like
one hundred cents make one dollar. One "salueng" is equivalent to
25 satangs(just like a quarter to a 25-cent)
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| 25 Satang |
50 Satang |
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| 1 Baht |
5 Baht |
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| 10 Baht |
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Gallery of Old Money Collection
This section displays images of Thai
money that were used during the past many years. Click here to view.
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| 1 Baht (Front) |
1 Baht (Back) |
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| 5 Baht (Front) |
5 Baht (Back) |
Bank notes (Currently-in-use)
Below are the faces of various Thai
bank notes. Please note that in reality, the sizes of each bank notes
vary.
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| 20 Baht |
50 Baht |
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| 100 Baht |
500 Baht |
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| 1,000 Baht |
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Who can claim VAT refunds?
A VAT refund can be claimed by any non-Thai
visitor who has not been in Thailand for more than 180 days in calen-
dar year, and who is not a crew member of an airline; and departs
Thailand by air carrier from an international airport.
How to claim a VAT refund?
1. VAT refund only applies to goods
taken out of Thailand within 60 days from the date of purchase.
2. The goods must be purchased from
stores displaying the "VAT REFUND FOR TOURISTS" sign
3. On any day, goods
purchased at a participating store must
not be less than 2,000 baht and the total amount of goods
purchased, including VAT, must not be less than 5,000 baht.
4. At each store ask the sales
assistant to complete 2 VAT refund forms (P.P.10) and attach the original
tax invoice to the
forms.
5. Before departure, present
your purchases to Customs and Revenue officers for inspection
in order to obtain VAT refund
at the departure lounge after check-in and passport control.
6. In case the VAT
refund exceeds 10,000 baht, you can
either present your claim to the Customs and Revenue officers
at the VAT Refund Office or drop
it in the box at the Refund Counter or mail it from your home back
to the Revenue
Departm ent of Thailand.
The VAT refund offices are located at :
| Bangkok Airport Tel
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(02)
535-6576-9 |
| Chiangmai Airport
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(053)
922-207 |
| Phuket Airport |
(076)
328-267 |
| Hat Yai Airport |
(074)
250-400 |
How will the refund be paid?
You can choose to receive your refund by :
Refund amount not exceeding 10,000 baht,
receive cash in Thai baht, draft, or credit to credit card account.
Refund amount exceeding 10,000 baht,
receive refund in draft, or credit to credit card account.
The following fees apply to refund requests :
For cash refund, a fee of 100 baht.
For draft refund, a fee of 100 baht
plus draft issuing fee at the rate charged by banks and postage fees.
For credit to credit card account refund,
a fee of 100 baht plus money transfer fee at the rate charged by banks.
Important to Note
You cannot claim VAT refunds for the following goods :
Prohibited items
Firearms, explosives or any similar
items
Gem stones
Some hints
Allow yourself adequate
time at the airport for the refund process.
In case your request for refund by draft or credit card account
receives no reply within an appropriate period of
time, please contact at VAT Refund Office at Bangkok International
Airport, Tel 535-6576-79 or the VAT
Refund Center, Revenue Department, Phaholyothin Road, Bangkok 10400,
Thailand, Tel. 272-9376-87, Fax. 272-9388
Further information can be obtained
from the participating stores or at the Revenue Department.
Warning
The Purchases for which
you are claiming VAT refunds are subject to inspection by Customs
and Revenue officers before departure at the VAT Refund Office inside
the departure lounge.
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In 1997 Thailand's
value - added tax (VAT) was raised
from 7 to 10%. The tax applies only to certain
goods and services but unfortunately no - one
seems to know what's subject to VAT and what's not, so the whole situation
can be rather confusing. Legally the tax
is supposed to be applied to a
retailer's cost for the product. For
example, if a merchant's wholesale price
is 1OOB for an item that retails at 200B, the maximum adjusted
retail including VAT should be 210B, not 220B. But this doesn't always
stop Thai merchants from trying to add 'VAT' surcharges to their sales.
Like the credit - card
surcharge, a direct VAT surcharge
is illegal; if you're charged a full 10% on retail, you can try reporting
it to the TAT Tourist Police. So far I've
heard of no refunds for VAT however, and 1 would consider that such
attempts are a waste of time.
Tourist hotels will usually add a 10%
hotel tax, and sometimes an 8 to 10% service charge as well, to your
room bill.
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Thai Currency
The Thai unit of currency
is the Baht which is worth a little less than
4 US cents. One US dollar = approximately 40 baht. The
baht is divided into loo satang.
"Copper" coins are valued at 25 and
50 satang. "Silver" coins are in denominations
of 1' 2 and 5 baht. A 10 baht coin is
composed of both "silver" and "copper". Banknotes are valued at 10
baht (brown), 20 baht (green), 50 baht (blue), 100 baht (red), 500
baht (purple) and 1,000 baht (khaki).
Traveller's Cheques/ Cheques/Credit Cards
US dollar traveller cheques
can be conveniently cashed at all provincial banks
and authorised money changers. Traveller cheques
in other currencies are best changed
in Bangkok where better rates prevail.
Generally, hotel exchange rates are
lower then those offered by banks
and authorised money changers. Major international
credit cards, such as American Express,
Diners, Carte Blanche, Master Card and
VISA are accepted by major banks,
restaurants, hotels and shops. Thai and foreign banks
provide standard services nation-wide, Monday through Friday, except
public and bank holidays, between 8.30 AM and 3.30 PM. Major banks
such as Bangkok Bank, Thai Danu Bank, Thai Farmers Bank and
Siam Commercial Bank operate currency exchange centres in most tourist
areas from 7.00 AM to 9.00 PM, seven days a week, including
holidays. Many first-class hotels provide 24'-hour money exchange
services, but only for major currencies such
as American dollars, British pounds, German
marks and Swiss francs. Travellers cheques are generally accepted
only from bona fide hotel guests.
Exchange Control
- Foreign tourists
ma freely bring in foreign banknotes or other types of
foreign exchange. Upon leaving Thailand, a foreign
tourist may freely take out foreign
means of payments which he brought in with him, with the exception
that foreign
notes or coins are limited to a maximum
equivalent of US$ 10,000 or the amount
declared in writing to Customs
upo arrival. Failur to do so may
leadt arrest, confiscation of
the excess amount involved and / or
prosecution.
- For travellers
leaving Thailand, the maxi - mum amount permitted
to take out without prior authorisation is 50,000 Baht
per person
- Foreign visitors
may bring in personal effects and
other goods which are not prohibited
by current customs regulation.
Other than personal effects, departing
visitors are also allowed to take out merchandise bought from duty
free shops, precious stones, gold and platinum ornaments.
- Foreign visitors
are welcome to open a foreign
currency account with any commercial bank
in Thailand. As a special
gesture to non - residents, no restrictions
are imposed on the maintenance of
and withdrawal from the account,
as long as the funds originate from abroad.
- For additional information
concerning foreign exchange regulations, please contact any authorised
banks.
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It is not necessary
to tip cinema ushers. It is
customary to tip porters and hotel personnel who have
given good personal service. A 10%-15% tip is appreciated in restaurants,
particularly where service charge is waived.
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The following goods may be imported
into Thailand without incurring customs duty:
200 cigarettes or 250g of tobacco or
equal weight of cigars; one litre of wine or spirits; one still camera
with five rolls of film or one movie camera with three rolls of 8mm
or 16mm film.
Note: There are
restrictions on the export of items of archaeological interest or
historical value without a certificate of authorisation from
the Department of Fine Arts in
Thailand. The export of images of Buddha
and other religious artefacts is also subject to this ruling.
Warning: Any drug-related offences
are severely penalised. |
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