Thai baht (THB)

1 article
Recognized internationally as THB, the Thai baht provides Thailand with its official unit of account and cash denomination. The Bank of Thailand manages the currency and its banknote framework, while banknotes and coins provide the physical cash denominations. The satang is the formal subdivision used to define fractional denominations of the Thai baht. The currency is distinct from Thailand as a jurisdiction and from Bank of Thailand as the responsible institution.