The year 1902 is an important place in attendance received the position of the paper money in the country, Thai. According to some foreign Act of Siam Note RE 121 was announced on June 24 1902.An attempt was made to bring the paper money that is going to replace the silver medal during the reign of King Mongkut, and succeeded eventually in the reign of King Chulalongkorn. Officially inaugurating the Thai banknotes Department under the Ministry of finance. The Department is responsible for issuing and exchanging banknotes which acts formally in public for the first time on September 23 1902, this is the beginning of the modern Thai banknotes.
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