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Thai banknote online museum > Room 1(Thai paper money) > Ngeon Kradad LuangNgeon Kradad Luang (Treasury notes)While the foreign banks had launched their own banknotes, the Siam government had seeked the way to solve the shortage of money supply. The Royal Treasury was assigned the responsibility of notes to be printed. In 1891, Siam planed to introduce Ngeon Kradad Luang or Treasury Notes and ordered the German Company, Giesecke & Devrient Co., to print and deliver to Siam in 1892.
But Those notes had never launch into circulation due to the result of a conflict between Siam and France. Siam had to cede the far eastern territories (the left bank of the Khong River) to france and also had to pay compensation of 3,000,000 francs. It affected to the reserved value for the treasury notes because of the large sum paid to France. The government destroyed those notes to prevent of lost, but kept only a small number of them were retained as samples. There were initailly eight denominations, 1 Baht, 5 Baht, 10 Baht, 40 Baht, 80 Baht, 100 Baht, 400 Baht and 800 Baht. Each denomination had its own colorfully designed style but there were many elements had the same pattern such as the royal insignia in the middle of the front side notes, the value inscription in six languages, Thai, English, Chinese, Malay, Laotian, Cambodian. The back side of 40 Baht denomination and higher notes printed the royal emblem on the Ayarapot (three-headed elephant) and also had the portrait watermark of King Rama V in the center and the denomination both in Thai numeral on the right and Arabic one on the left. |
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