Thailand Baht in Argentine Peso

THB Thailand Baht

Country of application:
Thailand

Coin denominations in circulation:
1, 2, 5, 10 Thai Baht.

Denominations of banknotes in circulation:
10, 20, 50, 100, 200, 500, 1000 Thai Baht.

History reference:
The Thai baht has been the national currency of Thailand since 1928, when it replaced the Siamese tikal (Siam is the old name for Thailand). For the first time the name "bat" is found in texts dating... back to the 14th century. Numismatists interested in the history of Thai money are convinced that the baht existed in the Middle Ages, but there is no documentary evidence for this fact. The first paper banknotes were officially printed in 1892 - their issue was initiated by the Ministry of Finance of Siam. The circulation included denominations of 1, 5, 10, 40, 80, 100, 400 and 800 baht - this is how the banknotes were called in everyday life. Those rare samples that have survived to this day and have been studied by scientists give an idea of \u200b\u200bmoney. They depicted a portrait of a king, a lion and a Bengal tiger.

ARS Argentine Peso

Country of application:
Argentina

Coin denominations in circulation:
10, 20, 50, 100, 200, 500, 1000 pesos.

Denominations of banknotes in circulation:
1, 2, 5, 10 pesos.

History reference:
Currency abbreviation or currency symbol for the Argentine nuevo peso (ARS), the currency for Argentina. The Argentine song Nuevo was first seen in 1992 when it replaced the australium in the convers...ion of 1 peso to 10,000 australia. Other names for the currency include peso convertible and nuevo peso convertible. The Argentine Nuevo Peso was pegged to the US dollar from 1 peso to one dollar form from 1992 to 2001. In 2002, the peso floated and devalued by about 75%, helping to improve export competitiveness. The export boom led to a massive influx of US dollars into the Argentine economy, which led to the stabilization of the national currency. Some time later, the Central Bank announced support for a strategy to keep the exchange rate between 2.90 and 3.10 pesos to the US dollar in order to maintain export competitiveness. When necessary, the Central Bank prints pesos and buys dollars on the free market (sometimes in large quantities, in the order of 10 to 100 million US dollars a day) to protect the peso from inflation, 27,000 million US dollars have accumulated in the vaults of the Central Bank, despite spending $9,810 million in payment to the IMF in January 2006.