Author Topic: Thailand: Portrait of new king on circulating coins  (Read 1026 times)

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Thailand: Portrait of new king on circulating coins
« on: October 13, 2016, 11:20:47 AM »
A few hours ago the longest reigning monarch, King Bhumibol Adulyadej of Thailand (also known as Rama IX), passed away. Because of this Thailand will next year introduce a new series of circulating coins featuring a portrait of new King Maha Vajiralongkorn. The passing of the king will be officially announced on local television later today.

Source: Andrew MacGregor Marshall

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Re: Thailand: Portrait of new king on circulating coins
« Reply #1 on: October 16, 2016, 04:05:36 PM »
Earlier today Prime Minister Prayut Chan-o-cha of Thailand announced on television that crown prince Maha Vajiralongkorn wishes to be crowned as king in at least 1 year from now. Until that time 96-year-old Prem Tinsulanonda will be regent of Thailand. It is unknown if next year circulating coins with a portrait of Prem Tinsulanonda will be issued.

Offline Pabitra

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Re: Thailand: Portrait of new king on circulating coins
« Reply #2 on: October 17, 2016, 12:28:28 AM »
If we look for precedence in the region then, in Nepal when King Birendra was assassinated and crown prince, Deependra was declared the King. He too died with in few days and Gyanendra ( Birendra's brother ) was declared the King. He ascended the throne but did not have coronation. The new coins were issued in Gyanendra's name. Even commemorative coin of his ascension to the throne were issued. He was removed/ left before his coronation could take place.

There is no reason as to not issue the coins in the name of the new King.

Offline Enlil

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Re: Thailand: Portrait of new king on circulating coins
« Reply #3 on: October 17, 2016, 06:49:49 AM »
There is no reason as to not issue the coins in the name of the new King.

Yes there is, it is called politics and demand, Rama 9 didn't issue coins until 4 years after he became King in 1946, and Rama 8 became king in 1935 and died in 1946, and 1939-1946 is when most of his common low denomination coins were minted.

Offline Bimat

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Thailand: Portrait of new king on circulating coins
« Reply #4 on: October 18, 2016, 07:32:33 AM »
Special coins for cremation ceremony

18 Oct 2016 at 10:01
WRITER: TERRY FREDRICKSON
ORIGINAL SOURCE/WRITER: WICHIT CHANTANUSORNSIRI

The Treasury Department plans to mint commemorative coins to mark the cremation ceremony for His Majesty King Bhumibol Adulyadej.

Chakkrit Parapuntakul, director-general of the department, said it could take some months to produce the coins, which also need royal approval.

The government has not announced the cremation date yet, but has indicated it will be held after the one-year mourning period.

The commemorative coins will have an illustration of the royal crematorium designed by the Fine Arts Department on their backs, he said.

There will be four types of coins – 99%-pure gold, silver, and both small and large-sized bronze.

The number of coins produced will depend on advance orders, and the lowest price for a coin will be set at 100 baht, Mr Chakkrit said.

Ordinary coins with an illustration of King Rama IX will still circulate in the system, and are likely to last between seven and nine years, he noted.

The department also aims to produce 200,000 more cupronickel coins which commemorate the 70th anniversary of His Majesty's reign following high demand for the coins.

About 2.8 million cupronickel coins, a mixture of copper and nickel, to mark the event have been sold.

Additionally, 10,000 gold coins and 50,000 silver coins made for the same occasion were also sold out, though these kinds of coins will no longer be produced.

Mr Chakkrit said the department still has 24 types of commemorative coins, totalling three to four million, linked to the late King.

Source: Bangkok Post
Caution. The low-hanging fruits are still there maybe for a reason.

Offline Pabitra

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Re: Thailand: Portrait of new king on circulating coins
« Reply #5 on: October 19, 2016, 09:40:49 AM »
According to the latest
"BANGKOK: Thailand's junta sought on Tuesday to reassure the country that the death of King Bhumibol Adulyadej last week would not upend plans for a return to democratic rule, which include a general election in late 2017.

Prime Minister Prayuth Chan-ocha also moved to quash uncertainty around the royal succession, saying that a new monarch could ascend to the throne after 15 days of mourning.

Doubts arose after the head of the advisory Privy Council was asked to stand in as regent until Crown Prince Vajiralongkorn becomes king. The prime minister said last week that the prince's coronation would take place after the cremation of his father, which will follow a year of mourning.

However, the prince can become king before his official coronation, and Prayuth's comments appeared to be aimed at cooling speculation that the throne might be empty for a protracted period.

King Bhumibol was seen as a stabilising figure in a country often racked by political turmoil.

"On the matter of succession, in accordance with the constitution, citizens in Thailand and abroad should not be worried or concerned," Prayuth told reporters after Tuesday's cabinet meeting.

"After at least 15 days of mourning, it will be the appropriate time to enact section 23 of the constitution," he added, referring to clauses relating to the succession."

Source :http://www.channelnewsasia.com/news/asiapacific/thailand-must-observe-at-least-15-days-mourning-before-royal-su/3215084.html

Thus ascension is due soon and urgent items will not wait for coronation

Offline Bimat

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Thailand: Portrait of new king on circulating coins
« Reply #6 on: October 22, 2016, 03:28:17 PM »
BoT: Current banknotes to remain in use

19 Oct 2016 | 18:27 |

BANGKOK, 19 October 2016 (NNT) – The Bank of Thailand (BoT) has given assurances that the current banknotes will continue to be used despite the passing of His Majesty the King.

In response to public concerns that banknotes currently in their possession would soon become obsolete after the King’s passing, BoT Governor Veerathai Santiprabhob urged the people not to worry as the notes will be kept in circulation indefinitely. He stressed that, even when a new set of banknotes is issued in the future, the existing ones carrying images of His Majesty King Bhumibol Adulyadej will still be usable.

According to the BoT Governor, the new notes will require royal permission from the new King prior to their production and distribution. When the time comes, he said the central bank will notify the people well in advance.

Source: NNT
Caution. The low-hanging fruits are still there maybe for a reason.

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Re: Thailand: Portrait of new king on circulating coins
« Reply #7 on: November 28, 2016, 05:02:38 PM »
Crown prince Maha Vajiralongkorn will ascend the throne this Friday (December 2).

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Re: Thailand: Portrait of new king on circulating coins
« Reply #8 on: June 19, 2017, 01:00:32 PM »
The standard circulating 2017-dated 1 Baht coin of Thailand has now been issued for circulation. It still depicts the former king Bhumibol Adulyadej who passed away on October 13, 2016. Because of the very large amount of coins that Thailand issues into circulation each year it is possible that these 2017-dated coins were already minted last year. So far no coinage portrait of the new king Maha Vajiralongkorn has been unveiled.

Offline Bimat

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Thailand: Portrait of new king on circulating coins
« Reply #9 on: Today at 04:45:10 PM »
King Rama IX funeral coins unveiled

PUBLISHED ON MON, AUG 21, 2017 12:32 PM

By The Nation

Commemorative coins minted for the funeral of His Majesty the late King Bhumibol Adulyadej will soon be available.

The Finance Ministry’s Treasury Department will be accepting reservations to purchase the gold, silver, bronze and cupronickel coins from Tuesday (August 22) through September 30.

Net proceeds after expenses will be presented to His Majesty King Maha Vajiralongkorn.

Finance Minister Apisak Tantivorawong announced this week that the gold coin would cost Bt50,000, the silver coin Bt2,000, the sandblasted, black-coated bronze coin Bt3,000 and the cupronickel coin Bt100.

A portrait of the late monarch in court regalia appears on one side of the coins along with his name in Thai. On the reverse are a depiction of the crematorium being erected at Sanam Luang, the Royal Cypher of King Rama IX, and the inscription in Thai, “The royal funeral ceremony on Thursday October 26, BE 2560”.

Treasury Department chief Patchara Anuntasilpa said his office, the Thai Bankers Association, the government’s financial institutions council and 19 banks would through September be taking public reservations to purchase the coins.

Individuals can reserve up to three coins.

All branches of the 19 participating banks would take reservations for the gold, silver and cupronickel coins, he said.

To reserve a Bt3,000 bronze coin, however, applicants must present their Thailand ID card at the department head office, any of its 76 branch offices, the Bureau of Monetary Management in Pathum Thani, the Coin Museum on Bangkok’s Chakrabongse Road, or the Treasury Pavilion Museum in Chiang Mai or Songkhla.

Patchara said the coins would be ready to pick up starting on January 29.

More information is available from the Treasury Department at (02) 278 5446 and the Coin Museum at (02) 282 0818.

Source: Thai Visa
Caution. The low-hanging fruits are still there maybe for a reason.