January 31, 201016 yr I'm back from my second holiday in Thailand (Bkk and Pattaya) and again I noticed that I received lots of fresh bills when I changed money (as on my first holiday in August). I even noticed lots of new-looking coins. The only explanation is that Thailand prints money. Unless they destroy old bills, increase of the amount of money in circulation should lead to decrease of its value, i.e. inflation. On the other hand, the Euro lost a bit compared to four months ago. So what's going on? Did anyone make similar observations?
January 31, 201016 yr At this time of year a lot of banks will be issuing new bank notes (especially the red 100 Baht notes) because of the Chinese New Year. They are used to fill the Lucky Money envelopes that employers give to their staff and that families give to the children. They use new notes in these envelopes because if they have been used then some of the 'luck' has been rubbed off them :-))
January 31, 201016 yr In all countries bank notes eventually fall apart & the tatty ones get replaced with new ones. This is not a good measure of inflation.
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