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1 Piastre Red numeral

Issuer Banque de l'Indochine
Year 1932-1949
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In circulation to 1949
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Obverse lettering BANQUE DE L'INDOCHINE 1 L'ART. 139 DU CODE PENAL PUNIT DES TRAVAUX FORCES CEUX QUI AURONT CONTREFAIT OU FALSIFIE LES BILLETS DE BANQUE AUTORISEES PAR LA LOI UNE PIASTRE SÉB. LAURENT FEC. HOURRIEZ SC.
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Signature(s) De la Chaume & Baudouin text on back in Old Lao
Borduge & Baudouin text on back in Old Lao
Minost & Laurent text on back in Old Lao
Minost & Laurent text on back in New Lao with dot under "O" in "" on back
Minost & Laurent text on back in New Lao without dot under "O" in "MÔT" on back
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Comments

The long print run spanning 1932 to 1949 produced enough signature and script variants to make this a genuinely complex series for specialists. Five distinct signature combinations are recorded, with the Lao-script overprint itself shifting mid-run from Old Lao to New Lao letterforms — and then again within New Lao, splitting over a single diacritical dot under the "O" in "MÔT." That kind of orthographic micro-variant is rarely the result of error; it typically reflects a deliberate official script reform, in this case tied to French colonial standardization efforts in Laos during the 1940s.

Printed by the Banque de France in Paris, with engraving by Georges Hourriez. The Minost & Laurent signature pairing corresponds to the latest issues, bracketing the final years of French Indochina's monetary administration before the post-war restructuring overtook the series entirely.

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