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20 Baht - Rama IX Government Savings Bank
| Issuer | Thailand |
|---|---|
| Year | 1997 |
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| Reference(s) | Y#333 |
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| Reverse script | Thai |
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| Edge | Reeded |
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| Additional information |
Issued to commemorate the 84th anniversary of the Government Savings Bank, founded in 1913 under Rama VI as a mechanism for mobilizing domestic savings during a period when Thailand's financial infrastructure was almost entirely dependent on foreign banking houses. The 1997 release date is notable: Thailand's baht collapsed in July of that year, triggering the Asian financial crisis that spread across the region within months. A commemorative coin celebrating state savings institutions, struck in the very year the currency required IMF intervention, carries an unintentional irony that the issuing authority could not have anticipated.