2.5 Tiền - Bao Dai

Bảo Đại's reign began in 1926 when he was just thirteen, and for most of the Indochinese monetary system's lifespan, the Banque de l'Indochine in Paris made the decisions that actually mattered. The piastre system, of which this denomination was a fractional part, was pegged and manipulated repeatedly to serve French colonial fiscal interests rather than local economic ones — the 1931 devaluation being particularly damaging to Vietnamese purchasing power.

By 1945, Japanese occupation had effectively collapsed the colonial monetary framework entirely, making late-date examples from that final year products of a system already in terminal disorder.