Thailand’s monetary history

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Transcript

00:00Thailand's monetary history features many unique forms of currency, but one of the most

00:04iconic is Ngern Potduang.

00:07Ngern Potduang was used from the 13th century until the late 19th century.

00:12Many theories suggest that these coins were made of silver shaped like a disc with a hole

00:17in the center, often resembling a bell.

00:20The name Potduang reflects this shape and these coins were used for trade across Thailand

00:25and neighboring regions.

00:27The coins feature the king's inscription and were not standardized in size or weight.

00:32Marking their value fluctuates, the coins symbolize the state's control over currency

00:37and their weight determines their value in commerce.

00:40Unlike today's modern baht, the value of Potduang coins varies.

00:44At times, one baht would equal several Potduang coins depending on the era and the silver

00:50content.