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100 Baht 'Ploughing Ceremony' Series 2, type II 'Banknote'

Issuer Ministry of Finance, Siam
Year 1932
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Currency Baht (1897-date)
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Obverse description The note is printed in blue-grey tones on a cream ground with an intricate guilloche underprint radiating from a central oval cartouche bearing the Thai denomination inscription ร้อยบาท. A Garuda vignette occupies the upper left, while a robed Erawan figure on a pedestal stands to the lower right. The upper legend รัฐบาล สยาม (Government of Siam) is set within a decorative panel at top centre, with the numeral 100 appearing in ornate star rosettes at upper right and lower left corners. The printer's imprint of Thomas De La Rue & Company Limited, London, appears at the lower margin.
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Reverse lettering THOMAS DE LA RUE & COMPANY LIMITED, LONDON.
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Siam's Ministry of Finance, rather than a central bank, remained the direct issuer of currency well into the constitutional period — the country had no central bank until 1942. This note predates the June 1932 coup by Khana Ratsadon that ended absolute monarchy, though the precise month of issue relative to that event is not always certain for individual specimens. The Series 2 type II distinction typically reflects a plate revision or signature change rather than a wholesale redesign, with De La Rue retaining the same basic printing contract throughout.

Thomas De La Rue's Bangkok contract during this period was occasionally disrupted by slow shipping of printed sheets from London, creating gaps in circulation supply that the Ministry managed through careful rationing of denominations.

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