Govt considers a two-baht coin
BANGKOK: – The Thai government is considering introducing a two-baht coin, according to a senior government official.
The Thai cabinet will consider the proposal to issue a new two-baht coin with the next two weeks, the deputy finance minister, Chaiyot Sasomsab told TNA.
If approved, the treasury department will accept tenders to make the coins from the private sector through the e-auction process.
The first batch of two-baht coins, worth 400 million baht, is expected to be issued before the end of this year.
The two-baht coins will neither affect inflation nor the prices of goods, but it will improve the circulation of coins in the economy.
Excessive demand for one-baht coins has caused a significant shortage of them, the minister said.
"Minting two-baht coins will help balance the economy. It has nothing to do with inflation. There is a large gap between one-baht coins and five-baht coins which the issue of a two baht coin would help balance," he said. --TNA 2005-05-20
2-baht coin on the way
2-baht coin on the way
The Hua Hin Residents' Club,
for everyone who calls Hua Hin home.
(yahoo.com/group/huahinresidents/)
for everyone who calls Hua Hin home.
(yahoo.com/group/huahinresidents/)
