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From 1956 until 1973, the baht was pegged to the US dollar at an exchange rate of 20.8 baht = one dollar and at 20 baht = 1 dollar until 1978. [9] [10] A strengthening US economy caused Thailand to re-peg its currency at 25 to the dollar from 1984 until 2 July 1997, when the country was affected by the 1997 Asian financial crisis.
The dinar (Arabic: دينار بحريني Dīnār Baḥrēnī) (sign: .د.ب or BD; code: BHD) is the currency of Bahrain.It is divided into 1000 fils (فلس ). The Bahraini dinar is abbreviated د.ب (Arabic) or BD (Latin).
Alternatively the slash may be omitted, or replaced by either a dot or a dash. A widely traded currency pair is the relation of the euro against the US dollar, designated as EUR/USD. The quotation EUR/USD 1.2500 means that one euro is exchanged for 1.2500 US dollars. Here, EUR is the base currency and USD is the quote currency (counter currency).
The baht was pegged at 25 to the U.S. dollar. On 14 and 15 May 1997, the Thai baht was hit by massive speculative attacks. On 30 June 1997, Prime Minister Chavalit Yongchaiyudh said that he would not devalue the baht. However, Thailand lacked the foreign reserves to support the USD–Baht currency peg, and the Thai government was eventually ...
In some countries, there are multiple levels of subunits. In the former Ottoman Empire, 1 lira = 100 [kuruş] = 4000 para = 12000 [akçe]. Today, only a few places have more than one subunit, notably the Jordanian dinar is divided into 10 dirham, 100 qirsh/piastres, or 1000 fils.
This is an accepted version of this page This is the latest accepted revision, reviewed on 30 November 2024. Economy of Thailand Bangkok, the commercial hub of Thailand Currency Thai baht (THB, ฿) Fiscal year 1 October – 30 September Trade organisations WTO, APEC, IOR-ARC, ASEAN, RCEP Country group Developing/Emerging Upper-middle income economy Newly industrialized country Statistics ...
1/2 Baht: 50 Satang 1.6 Baht 96 Baht 153.6 Baht 460.8 Baht 2396.16 Baht 1 Baht: 1 Baht: 1 Baht 3.2 Baht 192 Baht 307.2 Baht 921.6 Baht 4792.32 Baht 2 Baht: 2 Baht: 2 Baht 6.4 Baht 384 Baht 614.4 Baht 1843.2 Baht 9584.64 Baht 2 1/2 Baht: 2 1/2 Baht: 2.5 Baht 8 Baht 480 Baht 768 Baht 2304 Baht 11980.8 Baht 1 Tamleung: 4 Baht: 4 Baht 12.8 Baht 768 ...