The King had ordered replacing an old temple at this site by building a new temple as part the construction of his new capital. It was built as an exclusive temple complex for the display of holy buildings, statues, and pagodas. The formal name of Wat Phra Kaeo is Phra Sri Rattana Satsadaram, which means "the residence of the Holy Jewel BuddhaIt resides in the Wat Phra Kaew in the precincts of the Grand Palace. Rama I, after he moved the capital from Thonburi to Bangkok, had the temple consecrated in 1784. The King had ordered replacing an old temple at this site by building a new temple as part the construction of his new capital. It was built as an exclusive temple complex for the display of holy buildings, statues, and pagodas. The formal name of Wat Phra Kaeo is Phra Sri Rattana Satsadaram.