Introduction to the Thai Bank Museum The Evolution of Money The Evolution of Banking The Prototype for Thai banks Siam Commercial Bank’s Advance to the present
Introduction
Silver and Gold
Suvarnabhumi Money
Sri Kaset Money
Phnom or Funan Money
Dhavaravadi Money
Srivijaya Money
Lanna Money
Lan Xang Money
Evolution of Thai Money
Money and Ancient Trading Routes

During the 8th-13th centuries A.D., southern Suvarnabhumi cities prospered because they were vital ports on the trade route between India and China. Merchant ships stopped to purchase food and fresh water, or sought shelter from the southern monsoons.

Eventually, these towns banded together to form Srivijaya, a Mahayana Buddhist principality ruled by a King. Srivijaya’s currency was influenced by the silver coins of the aforementioned Lydia, the first kingdom to produce them.

Srivijayan golden and silver coins were imprinted with a sandalwood flower (Dok Chan) on one side and the Sanskrit word “Vara” (glory) in 12 m.m. high lettering, on the other. A large number of these Ngoen Dok Chan coins have been found in Chaiya district and as far away as Sumatra in what is now Indonesia. Srivijaya was destroyed by Javanese armies in the 13th century.


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