100 Baht - Rama IX First Thai Banknote

This note sits at an unusual intersection of Thai monetary history and wartime logistics. The Bank of Thailand was established in December 1942, and this 100 Baht was among the earliest issues to bear its name — printed in Canada while Thailand was under Japanese occupation, with the plates prepared and the order placed through channels that remain only partially documented. The Canadian Bank Note Company completed the printing in April 1945, weeks before the Pacific war ended, though distribution into actual circulation came later.

The "Rama IX First Thai Banknote" designation in collector usage is misleading — Rama IX did not ascend until 1946, and this note predates his reign entirely.