The Thai baht is Thailand’s currency and is divided into 100 satang.
The word baht originally referred to a traditional Thai unit of weight for silver. Before modern decimal coinage, silver valued by weight played an important role in Siamese monetary systems. Thailand later developed a standardized national currency and adopted modern coin and banknote designs.
The Bank of Thailand manages the country’s monetary system, while the Ministry of Finance is associated with the production of coins. The baht uses the symbol ฿ and has the ISO 4217 code THB.
Satang coins still exist, although many everyday prices are rounded to whole baht. The baht is sometimes confused with neighboring currencies such as Cambodia’s riel or Laos’s kip, but each country has its own monetary authority and unit.