Thai baht
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The baht is the official currency of Thailand. It is divided into 100 satang. The currency was officially adopted during the Sukhothai period and continuously issued since. Initially issued in the pod
Coin Museum Thailand by Trisorn Triboon 64
Example of the Spanish dollar which was marked with the Siamese government's emblem – marking that it is legal tender
Siam at the time of podduang issue 4 (1805)
1997 Asian financial crisis
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The 1997 Asian financial crisis gripped much of East and Southeast Asia during the late 1990s. The crisis began in Thailand in July 1997 before spreading to several other countries with a ripple effec
Thai baht
…new ratio. The baht was then pegged to the US dollar at a ฿20 to US$1 ratio along with several re-peg. The baht was forced to float in 1997 causing the Asian financial crisis. The Thai baht, like the pound, originated from a traditional unit of mass. Its currency value was originally expressed as that of silver of corresponding…
Rioters in Jakarta, during the May 1998 riots of Indonesia
Fall of Suharto: President Suharto resigns, 21 May 1998.