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10 Baht Series 9 Type I, Red Serial Numbers

Issuer Government of Thailand
Year 1948
Type Standard circulation banknote
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Reverse description Brown intaglio print with a central vignette of the Ananta Samakhom Throne Hall viewed from the Royal Plaza, set within a guilloche border frame. The denomination appears in Thai numerals at the upper left and in Arabic numerals at the upper right. A statutory counterfeiting penalty inscription runs along the lower centre, above the printer's imprint.
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Protection type Watermark
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Comments

Thailand's Series 9 notes were issued under the Act of 1939, which replaced the older Commercial Banking Act framework and gave the government direct authority over note issuance — a shift accelerated by wartime occupation and the financial disruptions that followed. This particular type, with red serials, precedes the later blue-serial variant and is the scarcer of the two in circulated grades.

De La Rue resumed supplying Thai notes after the interruption of the Japanese occupation period, when locally-produced emergency issues had filled the gap. The return to London printing signaled a deliberate reassertion of prewar monetary conventions.