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Currency and Currency
exchange : The Thai unit of currency is the baht 1 baht
is divided into 100 satang. Note are in denominations of
1,000 (brown), 500 (purple), 100 (red), 50 (blue), 20 (green)
and 10 (brown) baht. Coins consist of 25 satang, 50
satang, 1 baht, 5 baht and 10 baht.
Major currency bills
and travellers cheques are cashed easily at hotels,
tourist shops, all provincial banks, shopping centres
and money changers. Travellers cheques are best changed
in banks (you will need your passport). Rates of
exchange at banks or authorized money changers are
better than those at hotels and department stores.
Any amount of foreign currency may be brought into the
country. Visitors may take
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foreign currency out
of Thailand, but no more than the amount stated in the
customs declaration made on arrival. Travellers leaving
Thailand may take out no more than 50,000 baht per
person in Thai currency.
Credit Cards: Credit
cards are widely accepted. For lost cards :
American Express Tel : (662) 273 5100 or (662)
273 0022
Diners Club Tel : (662) 238 2920 or (662) 238
2680
Master Card Tel : (662) 256 7326-7
Visa Tel : (662) 256 7326-7
Tipping : Tipping is
not a usual practice in Thailand although it is becoming
more common. Most hotels and restaurants add a 10%
service charge to the bill. Taxi drivers do not require
a tip, but the gesture is appreciated and 10-20 baht is
acceptable for porters.
Bargaining : Fixed
prices are the norm in department stores, but at most
other places bargaining is to be expected. Generally,
you can obtain a final figure of between 10-40% lower
than the original asking price. Much depends on your
skills and the shopkeeper's mood. But remember, Thais
appreciate good manners and a sense of humor. With
patience and a broad smile, you will not only get a
better price, you will also enjoy shopping as an art.
V.A.T. Refunds :
Visitors entering the Kingdom on a tourist visa are
entitled to refund of the 7% V.A.T. on goods purchased
at registered retail outlets.
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