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About - (Thailand)

About - (Thailand)

Country name: conventional long form: Kingdom of Thailand

conventional short form: Thailand

Data code: TH

Government type: Constitutional monarchy

National capital: Bangkok

Independence: 1238 (traditional founding date; never colonised)

National holiday: Birthday of His Majesty the King, 5 December (1927)

Constitution: New constitution signed by King PHUMIPHON on 11 October 1997

Currency and Exchange Service Thai Currency: The Thai unit of currency is the baht which is worth a little less than 4 US cents. One US dollar = approximately about 39 baht.

The baht is divided into 100 satang. "Copper" coins are valued at 25 and 50 satang. "Silver" coins are in denominations of 1 and 5 baht. A 10 baht coin is composed of both "silver" and "copper". Banknotes are valued at 20 baht (green), 50 baht (blue), 100 baht (red), 500 baht (purple) and 1,000 baht (grey)

Climate: Thailand enjoys a tropical climate with 3 distinct seasons - summer from March through May, rainy with plenty of sunshine from June to September and cool from October through February. The average annual temperature is 28 C (83 F), ranging, in Bangkok, for example, from 30 C in April to 25 C in December.

Tipping: It is customary to tip porters, taxi drivers and hotel personnel who have given good personal service. A 10%-15% tip is appreciated in restaurants, particularly where service charge is waived.

Exchange Control:

1. Foreign tourists may freely bring in foreign banknotes or other types of foreign exchange. Upon leaving Thailand, a foreign tourist may freely take out foreign means of payments which be brought in with him, with the exception that foreign notes or coins are limited to a maximum equivalent of US 10,000 or the amount declared in writing to Customs upon arrival. Failure to do so may lead to arrest, confiscation of the excess amount involved and/or prosecution.

2. For travellers leaving Thailand, the maximum amount permitted to take out without prior authorization is 50,000 baht per person.

3. Foreign visitors may bring in personal effects and other goods which are not prohibited by current customs regulation. Other than personal effects, departing visitors are also allowed to take out merchandise bought from duty free shops, precious stones, gold and platinum ornaments.

4. Foreign visitors are welcome to open a foreign currency account with any commercial bank in Thailand. As a special gesture to non-residents, no restrictions are imposed on the maintenance of and withdrawal from the account as long as the funds originate from abroad.

For additional information concerning foreign exchange regulations, please contact any authorized banks.




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