The official currency of Thailand is the Thai Baht, abbreviated as THB. The baht is subdivided into 100 satang and is represented by the symbol ฿. It is used for all transactions within the country, including cash purchases and electronic payments. The currency features images of notable Thai figures, including King Rama IX on banknotes. The Thai Baht is essential for tourism and business in Thailand, as it serves as the medium for exchange in various sectors, from local markets to luxury establishments. The value of the baht fluctuates, impacting international exchange rates.