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

As Ayudhaya (1351-1767) waxed and Sukhothai waned, the principalities on the left bank of the Mekong River united to create the kingdom of Lan Xang. This realm has been related to the kingdom of Thailand since then, with the people on both riverbanks sharing similar ethnicities, customs, languages, and cultures. Northeast Thailand inhabitants commonly used the same monetary system, namely Hoy, Lad Hoy, and Lad money.


Hoy money combined silver and bronze and was shaped into bar-shaped ingots. Resembling a Chala boat, its front surface was bumpy and displayed an elephant, flowers, or a naga; the reverse side was plain. Denominations varied according to size; its value was based on the silver’s weight and purity.


Lad Hoy money was a smaller version of Hoy money but both ends were tapered and it was unmarked.


Lad money was made of bronze or brass and came in a variety of sizes. Its boat-like shape gave it the name of Boat cash. Lad money came in two types: a silver-coated coin with one to four marks on the front, and a bronze or brass coin that lacked markings. This second type was notable for being rather roughly made. With no production controls, the public moulded their own bronze and brass into these coins.


Hang and Tu money, the bar-shaped coinage produced in the Annam kingdom of Vietnam, was also used in border areas.


© Copyright 2010 Thai Bank Museum. All rights reserved.