Thailand has 'cancelled the use of Pod Duang money'

Thai currency evolution started since the prehistoric times in Thailand for about 38,000 years ago, before they acquired their culture from India. These peoples trade and exchange goods with each other using objects as mediums. As the Indian culture spread, it began to produce money as a medium of trade.

During the 6th-16th Buddhist centuries in the Funan-Dvaravati culture, He produced flat round medals from silver, tin, and copper by using molds for various symbols such as Phra Athit, Conch, Goat, Puranakon, letters, etc., which represented Brahmanism, state power, monarchy, and abundance of wealth.

During the 13th-18th Buddhist centuries, the Srivijaya Kingdom which is a trading port in the southern peninsula of Thailand, has the power to control sea trade routes Asterisk silver and Namo silver were produced. For the widespread economic system around the 19th Buddhist century, the Sukhothai and Lanna kingdoms were born and traded with the kingdoms in the Chao Phraya Basin, namely Ayutthaya.As well as conducting maritime trade with China, India, Europe and has traded with people in the north of Thailand such as Lan Chang, Yunnan, Nan Chao, etc., and as far as Persia, Arabs in the Middle East.

Kingdom of Sukhothai, Lanna, Ayutthaya has produced and invented money for use in the economy At the same time, foreign currency is also accepted. The currencies used in the Lanna Kingdom were sycee money, bangle money, Jiang money, Tok money, flower money, while the Sukhothai and Ayutthaya kingdoms produced Pod Duang money. which has its own unique characteristics and use shellfish premiums instead of small money Sometimes the oyster pawn is in short supply and produces a metal pawn and terracotta pawn to be used in conjunction with it.

After the Ayutthaya Kingdom dissolved Krung Thonburi and Rattanakosin were born respectively. Pod Duang money is still used as in Ayutthaya times. Until the reign of King Rama IV, the opening of Siam to civilization It is necessary to internationalize the form of currency. This led to the production of money in the form of flat round coins for the first time. Later, King Rama V announced the cancellation of Pod Duang money. Since then, the Thai currency has continued to look like a flat round coin until now.
 
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