Treasury mulls overseas coin production as costs escalateThe ongoing conflict in the Middle East has pushed up the Treasury Department's coin production costs, raising the possibility that 1-baht coins may eventually need to be minted overseas, where production costs are lower. Mr Akkatuth added that the department's coin production costs have now risen significantly, particularly for the 1-baht coin, where the minting cost is close to its face value. Each year, the department produces around 620 million 1-baht coins, 100–200 million 5-baht coins, and 300 million 10-baht coins. Mr Akkatuth explained that the high production cost of the 1-baht coin at the Treasury Department's mint is mainly due to the mint's high fixed costs, particularly personnel expenses. As for 5-baht and 10-baht coins, production costs at the mint remain around 50% below their face value.

Source: Bangkok Post April 08, 2026 02:04 UTC