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20 Francs Blue text
| Issuer | Banque de l'Indo-Chine |
|---|---|
| Year | 1928-1938 |
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| Printer | Banque de France, France |
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| Obverse description | Brown intaglio print over yellow underprint with blue text; black serial numbers at upper left and lower right. Central vignette to the right consists of a three-quarter frontal female portrait wearing a wreath of oak leaves and wheat ears, rendered in a classical allegorical style. An oval watermark reserve occupies the left portion of the note, flanked by guilloche work and typographic inscription panels. |
|---|---|
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| Protection description | Native's head in profile. |
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| Comments |
Clément Serveau's designs for Banque de l'Indo-Chine were engraved by Ernest Deloche at the Banque de France's printing workshops in Paris — the same atelier responsible for France's own circulating notes, which accounts for the technically assured intaglio work found on this series. Marguerite Dreyfus, who signed her work "Rita," handled the reverse engraving, one of the few women credited by name on colonial currency plates of this period.
The long date span — a full decade of issue — means two distinct signature combinations appear under Pick #7, reflecting administrative changes at the bank's management level rather than any reissue or design modification.