Two baht

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In Thailand, a two-baht coin is a coin worth 2 baht or 200 satang. The new 2-baht coin design features H.M. King Bhumibol Adulyadej, the Great on the obverse, like all other Thailand's legal tender coins presently in circulation. The reverse design depicts the Golden Mount at Saket Temple.

On September 15, 2005, the Royal Thai Mint started launching the two-baht coins to complete the binary system in Thailand’s coinage. That is, each successive denomination is worth twice as much as the previous one. So the Thai coin denominations used in commercial are now as follows: 25 satang, 50 satang, 1 baht, 2 baht, 5 baht, and 10 baht.

The recent statistics shows that the one-baht coins constitute about 60% of the total circulation coins in the Thai economy. According the Treasury Department, the issuance of the two-baht coins will solve the overwhelming demand for the one-baht coins as the two-baht coins are now filling the gap between the one-baht and five-baht coins. This translates into savings in time and materials for the Mint. The Mint also considers expanding the use of Multi-Ply Plated Steel Technology to other coin denominations due to volatile base metal prices and rising production costs.

Year	Mintage
2005	4,000,000
2006	128,000,000
2007	267,977,600

[edit] See also

• Thai baht

[edit] References

• The Treasury Department. Annual Report, Bangkok, 2005.
• The Treasury Department. Annual Report, Bangkok, 2006.
• The Treasury Department. Annual Report, Bangkok, 2007.

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