New B1,000 banknote in circulation Friday

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The Bank of Thailand will issue a new 1,000 baht banknote later this week, one that celebrates the many contributions made to the country by King Chulalongkorn, who reigned from 1868-1910.

The first 100 million of the new banknotes will be put into circulation on Friday, central bank governor Prasarn Trairatvorakul said on Monday.

The new note will eventually replace the current note, which has been in circulation for 10 years.

Ms Prasarn said the old design would also remain in use for now. The central bank believed it would take up to two years to completely replace the old 1,000 baht note with the new banknote.

His Majesty the King's face remains on the front of the new note, with king Chulalongkorn, also known as Rama V, on the back.

Full Story: Bangkok Post