Currency changes: Polymer-based B50 and B100 banknotes being implemented
The Bank of Thailand has announced plans to introduce new 50- and 100-baht banknotes made from special polymer material. The decision to transition to polymer banknotes follows the successful rollout of the 20-baht polymer banknote.
These new banknotes will boast upgraded security features, such as a transparent window containing embossed numerals and advanced ink that changes colour when tilted. To improve accessibility for the visually impaired, tactile Braille symbols indicating the denomination and raised diagonal lines along the edges have been included.
The new 100-baht polymer banknote is set to be introduced in 2023, with circulation beginning in November. The new banknotes will be more cost-effective in the long run than traditional paper notes, as they have a lifespan of up to eight years, four times longer than that of paper notes.
Another advantage of the polymer notes is their resistance to moisture and dirt, making them easier to maintain than traditional paper notes. Additionally, the need to print at least 350 million replacements annually will be reduced by introducing polymer banknotes.
The current paper 50- and 100-baht notes will continue to circulate alongside the new versions, remaining legal tender. The new polymer banknotes will be available nationwide through all commercial banks starting from November 21.
The success of the 20-baht polymer banknote, with its average lifespan of up to eight years, has paved the way for the introduction of these new banknotes. The Bank of Thailand is confident that these new banknotes will offer improved security, durability, and accessibility for all users.
