Wat Phrasrirattana Sasadaram (Wat Phra Kaeo), or the Temple of the Emerald Buddha, situated within the Grand Palace, near Sanam Luang, is a sacred symbol of the Rattanakosin, or Bangkok, Dyansty and the most important temple in realm. It was built by King Rama I, the founder of the Chakri Dynasty, in which traditional royal ceremonies would be conducted. It thus has a sanctuary for the performance of Buddhist rites, but no residences for monks.