20 Baht - Rama VIII Series 3, Type II

Series 3 notes were authorized under the Currency Act of 1928 but took years to reach circulation — this particular type reflects a transitional moment in Siamese monetary policy as the country moved away from its earlier reliance on silver-backed ticals. Thomas De La Rue had printed Siamese currency since the late nineteenth century, and by the 1930s the relationship was well established enough that design continuity across series was a deliberate policy choice, not inertia.

Rama VIII — Ananda Mahidol — was only nine years old and residing in Switzerland when these notes entered circulation. He would never actually reign in the conventional sense; his death in 1946 remains officially unresolved.