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Thai Baht

The baht (; Thai: บาท, pronounced [bàːt]; sign: ฿ or บ.; code: THB) is the official currency of Thailand. It is divided into 100 satang (สตางค์, pronounced [sà.tāːŋ]; sign: st. or สต.). The currency was officially adopted 1238 and continuously issued since. Initially issued in the podduang form, King Rama IV decided to switch to flat coins in 1860. The baht was then decimalized in 1897, before which the baht was divided into 8 fueang (เฟื้อง, pronounced [fɯá̯ŋ]), each into 8 at (อัฐ, pronounced [ʔat̚]), and each into 100 bia (เบี้ย, pronounced [bia]). The issuance of currency is the responsibility of the Bank of Thailand. SWIFT ranked the Thai baht as the 10th-most-frequently used world payment currency as of December 2023. The baht was defined as 15.16 grams (0.4874 troy oz) of silver or gold, which was exchanged at 16:1 ratio. This was the case until the decree of June 29th 1874 which switched the Thai baht to the silver standard, and again in 1908, converting the baht to the gold standard before being completely debased in 1962 with the halt in production of the silver baht coin. The baht was pegged to the spanish dollar from 1856 at a ฿5 to $3 ratio. It was then pegged to the pound at a ฿8 to £1 in 1880 and subsequently several re-pegging to a new ratio. The baht was then pegged to the US Dollar at a ฿20 to $1 ratio along with several re-peg. The baht was forced to float in 1997 causing the asian financial crisis.

Russian Ruble

The ruble or rouble (Russian: рубль, romanized: rublʹ; symbol: ₽; ISO code: RUB) is the official currency of Russia. Banknotes and coins are issued by the Central Bank of Russia, which is Russia's monetary authority independent of all other government bodies. The ruble is the second-oldest currency in continuous use, after pound sterling, as well as the first decimal currency. The ruble was the currency of the Russian Empire and later the Soviet Union, where it was known as the Soviet ruble (code: SUR, 810). Following the dissolution of the Soviet Union in 1991, the Soviet ruble was replaced in Russia with the Russian ruble (code: RUR, 810) at par in the following year. The Russian ruble continued to be used in 11 post-Soviet states, forming a "ruble zone" until 1993. In 1998, the ruble was redenominated (code: RUB, 643) shortly before the 1998 financial crisis, at a rate of 1000 RUR = 1 RUB. The ruble is a free-floating currency and is subdivided into 100 kopecks which have fallen out of use due to inflation. In 2023, the digital ruble was introduced. The Russian ruble is also used as a de facto legal tender in Baikonur, Abkhazia and South Ossetia.