Thai Baht

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Thai Baht

The currency of Thailand. In use since the late 1800s, the baht at different times has been pegged to silver, gold, and various other currencies. After World War II, it was pegged to the U.S. dollar. It began to float during the Asian Financial Crisis in 1997, decreasing in value significantly in a short period of time. It has since stabilized.
References in periodicals archive ?
Bangkok has spent 680 billion baht on rice since October 2011, but has only sold enough to get 156 billion baht to pay the Bank of Agriculture and Agricultural Cooperatives (BC) for the loans that fund the scheme.
Current resale prices are now between 110,000 and 120,000 baht a sq m, up from 95,000 baht when the project was launched last year.
Debt-ridden teachers will also benefit from the package as the government will allocate 200 million baht to a fund to restructure debts for them, Tarrin said.
Analysts said behind the higher March NPL ratio was a slow banking sector improvement brought about by record low Thai interest rates this year, a stable baht since late 1998, economic recovery prospects and possible upgrades of Thai credit ratings.
Power Buy allocated 30 million baht to launch a sales campaign from Nov 25 to Dec 20, 2014, and expects to generate 1 billion baht in sales.
One strategy is to distribute its products through freezers maintained by franchisees, who would pay 20,000 baht for one unit.
The sum is an increase from the 20 billion baht spent in the 1996 House of Representatives election, the Thai Farmers Research Center Co.
Thailand is considered a cheap destination internationally, with the baht still well below its pre-crisis levels.
In 1992, PTTEP earned a consolidated net profit before special items of Baht 335 million (approximately US $13.
To restore water resources in Kranuan district, Khon Kaen province a budget of 40 million baht has been allotted, to make sure adequate supplies of water for consumption by inhabitants the year round.
State-controlled PTT, which reviews its five-year investment plan each December, aimed to invest 87 billion baht in 2014 and 53 billion baht in 2015, it said in a statement.