1 Piastre Vietnam Issue

The Institut d'Emission des Etats du Cambodge, du Laos et du Vietnam was itself a short-lived institution, established in 1952 to replace the Banque de l'Indochine as the currency authority for the three Associated States — a political concession to nominal sovereignty while France retained practical monetary control. By 1954, the Geneva Accords were dissolving that arrangement entirely. Notes printed that year were entering circulation just as the issuing authority was being wound down, with separate national banks imminent for all three states.

Thomas De La Rue's London plant handled the print run of just over twelve million. The Vietnam-designated issue of this denomination is the scarcest of the three country variants in the series.