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1 Piastre Indochinese Federation
| Issuer | Banque de l'Indochine |
|---|---|
| Year | 1946-1947 |
| Type | Standard circulation coin |
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|---|---|
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| Reverse lettering | FÉDÉRATION INDOCHINOISE 1 PIASTRE (Translation: Indochinese Federation) |
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| Mintage | 1946 - KM#32.1 ; Security edge - 2,520,000 1947 - KM#32.1; Security edge - 261,000 1947 - KM#32.2; Reeded - 54,480,000 |
| Additional information |
By 1946, France was attempting to reassert colonial authority over Indochina while simultaneously fighting the Viet Minh, and these piastres were part of that effort to project monetary normalcy onto a disintegrating political situation. The Banque de l'Indochine, a private institution rather than a state bank, had controlled currency issuance in the region since 1875 — a arrangement that nationalist movements on all sides found intolerable.
The two KM varieties differ by the presence or absence of a dot after "FÉDÉRATION," a small typographic distinction reflecting shifting administrative language around the newly proclaimed Indochinese Federation, itself a French attempt to repackage imperial control as federation.