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5 Cents

Issuer Gouvernement Général de l'Indochine
Year 1942
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Currency Piastre (1880-1952)
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Obverse description Printed entirely in green on paper with a light-blue guilloche underprint repeating the legend GOUVERNEMENT GÉNÉRAL DE L'INDOCHINE across the field. The centre is occupied by a large elaborate guilloche vignette in the form of a stylised floral or lotus-shaped medallion enclosing the numeral 5 above the word CENTS within a circular guilloche rosette. The issuer's title curves along the top in an arc, two facsimile signatures appear flanking the serial number at centre-bottom, with the titles LE TRÉSORIER GÉNÉRAL at lower left and LE DIRECTEUR DES FINANCES at lower right. The designer's name PHAM NGOC KHUE and the printer's imprint I.D.E.O.-HANOI appear in the lower corners.
Obverse lettering GOUVERNEMENT GÉNÉRAL DE L'INDOCHINE
5
CENTS
LE TRÉSORIER GÉNÉRAL
LE DIRECTEUR DES FINANCES
PHAM NGOC KHUE
I.D.E.O.-HANOI
(Translation: General Government of Indochina)
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Comments

Issued under Vichy-aligned colonial administration after Japanese forces had effectively severed Indochina from metropolitan France, this tiny-denomination note was a direct response to the near-total disappearance of coin from circulation — hoarding and metal requisitions had stripped the colony of its small change. The Imprimerie d'Extrême-Orient in Hanoi stepped in where the Paris-based security printers no longer could, producing an emergency fractional currency under conditions of occupation without formally acknowledging the occupation.

Phạm Ngọc Khuê's involvement makes this one of the rare colonial-era Indochinese notes with a locally credited Vietnamese designer — an unusual circumstance worth noting in any serious collection.