20 Kip

Descrizione del dritto	The obverse bears the Lao national coat of arms with the three-headed Erawan elephant at centre, flanked by Lao script inscriptions. A vignette of the Royal Government Palace appears in the lower portion, set against a fine guilloche underprint.
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Legenda del rovescio	BANQUE NATIONALE DU LAOS / LE CONTREFACTEUR SERA PUNI CONFORMÉMENT À LA LOI / VINGT KIP
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Commenti	The Banque Nationale du Laos was established in 1954 following the Geneva Accords, which effectively ended French Indochina and left Laos formally independent but economically fragile. This early series — produced by Security Banknote Company in Philadelphia — reflects the heavy American financial involvement in Laos during the late 1950s, when U.S. aid accounted for the overwhelming majority of the government's operating budget. SBNC was a relatively minor player in the sovereign banknote printing trade, and Lao notes from this period occasionally show ink register inconsistencies that suggest limited experience with high-security intaglio work at the time of production.