Thailand will use new banknotes featuring a portrait of newly-succeeding King Maha Vajiralongkorn, also known as Rama X, on the front of the bills from April.

A one thousand baht banknote featuring Thailand's King Maha Vajiralongkorn is unveiled during a news conference at the Bank of Thailand headquarters in Bangkok, Thailand, on 8 March 2018. (Source: Reuters)

The new banknotes will be released under the permission of King Maha Vajiralongkorn, said Governor of the Bank of Thailand (BOT) Veerathai Santiprabhob.

The new 20-baht, 50-baht and 100-baht banknotes will be issued on 6 April, followed by the 500-baht and 1000-baht bills on 28 July.

The portraits of King Rama I and King Rama II are on the back of the 20-baht banknote, those of King Rama III and King Rama IV on the back of the 50-baht banknote, those of King Rama V and King Rama VI on the 100-baht banknote, those of King Rama VII and King Rama VIII on the 500-baht bill and those of King Rama IX and King Rama X on the 1,000-baht bill.

All existing banknotes will remain valid and exchangeable as usual, according to the BOT Governor.

(Source: VNA)