After the death of King Rama V in 1910, his son, King Rama IV established Chulalongkorn University in Bangkok, in honor of his father, with the remaining funds.
Visitors to Thailand in the 1980s would probably rememberthe 10 baht bank note which has the King Rama V Equestrian Monument printed on the back.
These notes have since been withdrawn and replaced by the 10 baht coin.
The monument is deeply revered by Thais who can be seen at all times of the day at the monument praying and paying homage to the great king. Some observe special days for visits, namely Tuesdays, Thursdays and Sundays.
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