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5 Piastres Green

Issuer Banque de l'Indochine
Year 1942-1945
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Value 5 Piastres (5 ICFP)
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Obverse description Central vignette of an ornate laurel and oak wreath encircling the numeral '5' and the denomination inscription 'CINQ PIASTRES' on a decorative panel, set against a fine guilloche underprint in green. The numeral '5' appears in corner cartouches alongside Chinese characters at upper right and Khmer script at left. A legal warning cartouche in French is printed at the lower centre, with signature lines for L'Inspecteur Général and Le Directeur de la Succursale de Saïgon flanking the central vignette.
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Reverse lettering GIẤY NĂM ĐỒNG VÀNG 東萬匯理銀行 PHAM-NGOC-KHUÊ IDEO. HANOI
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Comments

Banque de l'Indochine's wartime printing operation in Hanoi was a direct consequence of the Japanese occupation severing normal supply lines to metropolitan France. The Imprimerie d'Extrême-Orient, already established as a commercial and government printer in the city, was pressed into currency production under conditions of severe material shortages — visible in the thinner, less consistent paper stock that characterizes notes from this period.

Phạm Ngọc Khuê's involvement as designer is notable: a Vietnamese artist working under French colonial authority, producing currency for a bank effectively operating under Japanese military oversight. The political layering behind a single note's production is rarely this compressed.

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