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1 Piastre Vietnam Issue

Issuer Institut d'Emission des Etats du Cambodge, du Laos et du Viet-Nam
Year 1953
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Currency Piastre (1880-1952)
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Obverse description Central vignette of King Norodom Sihanouk in an intaglio portrait medallion, framed by an ornate circular guilloche rosette with multicolour underprint in yellow and green. The denomination UNE PIASTRE appears in large letterpress text at left and right, with the issuer's name arched across the top. Two signature titles, LE PRESIDENT at lower left and LE CAISSIER GENERAL at lower right, flank the serial number panel at the base.
Obverse lettering INSTITUT D'EMISSION DES ETATS DU CAMBODGE DU LAOS ET DU VIET-NAM UNE PIASTRE LE PRESIDENT LE CAISSIER GENERAL 1
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The Institut d'Emission des Etats du Cambodge, du Laos et du Viet-Nam was a short-lived transitional authority, established in 1952 to replace the Banque de l'Indochine as the currency issuer for the three Associated States — a political concession that gave nominal monetary autonomy while keeping French control firmly in place. This 1 Piastre was among the final notes issued under the piastre denomination before the currency split into separate national units following the 1954 Geneva Accords.

The Vietnam-designated version of P#104 shares its Banque de France printing with the Cambodian and Laotian variants of the same value, differentiated by overprint rather than a wholly separate design run.