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About Thai Baht
The baht is the official currency of Thailand. It is divided into 100 satang. The currency was officially adopted in 1238 in the podduang form, switching to flat coins in 1860. The baht was then decimalized in 1897, before then the baht was divided into eight fueang, each of eight at. The issuance of currency is the responsibility of the Bank of Thailand. SWIFT ranked the Thai baht as the 10th-most-frequently used world payment currency as of December 2023.
The baht was defined as 15.16 grams of silver or gold, which was exchanged at 16:1 ratio. This was the case until the decree of June 29th 1874 which switched the Thai baht to the silver standard, and again in 1908, converting the baht to the gold standard before being completely debased in 1962 with the halt in production of the silver baht coin. WikipediaAbout Myanmar Kyat
The kyat is the currency of Myanmar. The typical notation for the kyat is "K" and "Ks.", placed before the numerals followed by "/-". Amounts less than K. 1/- are typically denoted with the number of pyas following "-/".
The term kyat derives from the Burmese unit kyattha, equal to 16.3 grams of silver. Wikipedia