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5 Baht

Issuer Government of Thailand
Year 1945
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Value 5 Bahts (5 บาท)
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Obverse description Printed in violet-grey tones, the obverse carries a portrait of King Ananda Mahidol (Rama VIII) in military uniform at the left, with a central vignette of a royal monument or palace gateway flanked by decorative pillars. The Thai state emblem appears at the top centre, with serial numbers in two positions across the upper field. A manuscript signature of the minister appears below the central vignette, and the denomination 'ห้าบาท' is inscribed in Thai script.
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Thailand's 1945 government notes were issued under extraordinary circumstances — the country had formally allied with Japan in December 1941, and by the war's end the domestic monetary system was under severe strain from wartime inflation and disrupted trade. The Finance Ministry issued these notes directly rather than through the Bank of Thailand, which had only been established in 1942 and lacked the infrastructure to manage wartime currency output alone.

Pick 55A is the watermark-free variant; a watermarked version exists as a parallel issue, making paper stock the sole distinguishing factor between the two catalogue entries. The distinction matters for attribution — both circulated simultaneously.

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