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The first new Thai 1,000 baht banknotes, featuring the image of His Majesty King Maha Vajiralongkorn, has won The Best New Banknote Award at the High Security Printing Asia 2018 international conference held in Hanoi, Vietnam.

The banknote was awarded for its unique printing technology using the optically variable magnetic ink (OVMI), the first of its kind for Thai banknotes which creates three-dimensional moving patterns and switching colours when observing from different angles.

It was named the Best New Banknote at the three-day High Security Printing Asia 2018 forum in Hanoi that ended on Wednesday, according to the Bank of Thailand’s announcement on Friday.