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Home » Background » Damaged Thai banknotes can be exchanged
Damaged Thai banknotes can be exchanged
The National Bank of Thailand (BoT) has announced that damaged banknotes do not have to be thrown away, but can be exchanged for new banknotes.
This happened in response to a lottery seller in Rayong who thought his banknotes worth 117.000 baht had been severely damaged by termites and were worthless. The bank stated that these notes are still valid and could be exchanged for new notes.
Citizens can exchange cash anywhere at the Government Savings Bank or at a commercial bank on Wednesdays with the exception of department store banks.
The banknotes must still be reasonably traceable and accompanied by a request to exchange for new notes. If approved, the BoT will transfer money or send a money order. The entire process is free.
What to do with a banknote that turns out to be a misprint? I am in possession of such a 100 Baht note.
If it is not a counterfeit banknote, but a real misprint, be careful with it!
This might save you a lot of money later on.
You should always keep misprints, they are guaranteed to become valuable. I have a 50 euro note and a 100 euro note that are not exactly as they should be and I can already get many times the value for them if I were to sell them.
It is best not to go to the BoT with a homemade “misprint”. Unless you like tough questions.
Nor with a “misprint of the BoT”. Collectors offer more than face value.
It will be worth more than 100 baht for a collector.
Hi Kees,
Usually misprints are rare. Wouldn't surprise me if they are worth more to the collector.
Josh.
My experience is that you do not have to go directly to the national bank for this. Occasionally I receive paper money back that I later see is damaged. I just go to my bank who exchanges it for a nicer note without any problem. But if the banknotes are seriously damaged, you may need to go to the national bank.