New 500-Baht Banknote Entered Into CirculationStarting on Monday May 12, the Bank of Thailand put into circulation in the market new 500-baht banknotes.
Recently-The Bank of Thailand launched New 500-Baht Banknote (Series 16) Mrs. Tongurai Limpiti, Deputy Governor of the Bank of Thailand, unveiled the new 500-Baht banknote (Series 16) on 7 May 2014 and announced that it would enter into circulation on 12 May 2014. It has several new and enhanced security features to facilitate authentication by banknote sorting machine and general public, including visually impaired persons. The color and size of this new 500-Baht remains unchanged; which is purple in color and 72 x 156 mm size. Various security features have been incorporated into the new banknote;
1. Color-shifting Ink with Latent Image: The color of Thai Ornament at the bottom left corner of the note will change from gold to green upon tilting, and the latent image of hidden numerals “500” becomes visible.
2. Watermark: H.M. King’s portrait watermark and the translucent watermark “๕๐๐” can be clearly observed by viewing the note against light.
3. Hologram foil stripe: Reflective holographic foil on the right hand side of the note contains the Royal Emblem with Arabic numerals “500” in center, switching to Thai numerals “๕๐๐” when tilting the note.
4. Windowed Color-shifting Security Thread with Moving-Boxes Animation: The special security thread on the reverse side changes from gold to green and illustrates moving-boxes effect.
5. Iridescent Coating: Arabic numerals “500” and Thai numerals “๕๐๐” are printed vertically with yellow iridescent ink. In addition, three tactile marks in the shape of flowers represent the Braille alphabet “F”, symbolizing Five Hundred (500) can be identified by touch.
The new 500-Baht banknote can be exchanged at every commercial bank across the country. Other denominations of Thai banknotes in circulation and the previous series of 500-Baht remain legal tender. The old 500 Baht banknotes which have been used for more than 12 years can still be used and will remain in circulation for the next two years before being totally replaced with the new generation of bank notes.
Source: Bank of Thailand