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10 Piastres Cambodia Issue

Issuer Institut d'Émission des États du Cambodge, du Laos et du Vietnam
Year 1953
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Printer Thomas De La Rue & Company, London, United Kingdom
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Obverse description A large stylized sunburst guilloche vignette occupies the center of the note, printed in red on a blue and gold underprint. The issuing institution's name arches across the upper portion in bold letterpress, with the denomination DIX PIASTRES inscribed to the right. Two signature lines appear below the central vignette, above an anti-counterfeiting warning legend at the foot of the note.
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Reverse description Two Cambodian classical dancers in traditional costume and headdress are rendered as a vignette at the left, set against a central ornamental panel with stylized floral and geometric motifs. The denomination numeral 10 appears in the upper corners in Khmer script alongside Latin numerals, and trilingual denomination inscriptions run along the lower margin. The overall design is printed in shades of rose-pink and lilac on a light underprint.
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The Institut d'Émission des États du Cambodge, du Laos et du Vietnam was a transitional authority, created in 1952 to replace the Banque de l'Indochine as the monetary institution for the three Associated States as France negotiated its withdrawal from the region. This note was issued specifically for Cambodian circulation — the tri-state issuer printed separate series for each territory rather than a unified note, a political concession to the nominal independence each state had been granted.

Thomas De La Rue's involvement was itself a signal of shifting allegiances; the Banque de l'Indochine had historically used French printers. Cambodia would gain full independence in November 1953, and the Institut itself was dissolved within a few years as each state established its own national bank.