The THB (sign: ฿; code: THB) is the official currency of Thailand. It is divided into 100 satang . 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 January 2019.
The Bank of Thailand adopted a series of exchange controls on 19 December 2006, which resulted in a significant divergence between offshore and onshore exchange rates, with spreads of up to 10 percent between the two markets. Controls were broadly lifted on 3 March 2008 and there is now no significant difference between offshore and onshore exchange rates.