Question
Here is the question : THE BAHT IS THE CURRENCY OF WHICH COUNTRY?
Option
Here is the option for the question :
The Answer:
And, the answer for the the question is :
Explanation:
The baht is Thailand’s official unit of currency; it was first circulated in 1902. Its price can range anywhere from ten to one thousand baht (with each individual baht subdivided into 100 satang). The currency features the reigning king of Thailand on its obverse and various images related to the country’s history on the reverse. For instance, on the note for 500 baht, there is a picture of a temple and a statue of Rama III, who ruled Siam (the name that was once used for Thailand) from 1824 to 1851.
The baht is the official currency of Thailand, a Southeast Asian country known for its rich culture, beautiful beaches, and delicious cuisine. The baht has a long and fascinating history, and has played an important role in the economic development of Thailand over the years.
The baht was first introduced as the official currency of Thailand in 1897, during the reign of King Chulalongkorn, also known as King Rama V. At the time, the baht was pegged to the value of silver and was divided into 100 satang. Over the years, the baht has undergone several changes, including a brief period of inflation in the 1980s and the introduction of new banknotes and coins in the early 2000s.
the baht remains a stable and reliable currency, and is widely accepted throughout Thailand for both cash and electronic transactions. The baht is also used as a reserve currency in other countries, and is traded on international currency markets.
One of the key factors that has contributed to the strength and stability of the baht is Thailand’s robust economy. Over the years, Thailand has built a diverse and dynamic economy, driven by industries such as tourism, manufacturing, and agriculture. As a result, the baht has become a symbol of Thailand’s economic success and has helped to position the country as a major player in the global economy.
the baht is an important symbol of Thailand’s culture, history, and economic development. As the official currency of Thailand, the baht has played a crucial role in the country’s growth and development, and remains an essential part of daily life for millions of people throughout the country.