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Thailand Information - Money Matters
Business Hours
Government Offices operate from 8.30 16.30
hrs., Monday to Friday, except on public holidays.
Banking hours are from 9.30 15.30 hrs., Monday to Friday.
Some banks which located in department stores or shopping
plazas operate daily with the same operating hours of the
department stores.
General business offices open 09.00 17.00 hrs., Monday to
Friday or Saturday.
Most department stores operate 7 days a week, open at 10.00
hrs., and close about 20.00 24.00 hrs.
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Thai Currency
The basic monetary unit is the Baht which is
divided into 100 Satang. Common banknotes are issued in the
following denominations: 1000 Baht (gray), 500 Baht (purple),
100 Baht (red), 50 Baht (blue) and 20 Baht (green). Coins
are 10 Baht, 5 Baht, 1 Baht, 50 Satang and 25 Satang.
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Credit Cards
All major credit cards (Visa, Master, American
Express, Diner) are widely accepted throughout the kingdom.
Most foreign currencies and traveller cheques are easily changed
at banks, hotels or moneychangers in cities mainly.
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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.
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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.
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