5 Piastres Laos Issue

The Institut d'Emission des Etats du Cambodge, du Laos et du Vietnam was a transitional institution — created in 1952 as France negotiated its way out of Indochina, it replaced the Banque de l'Indochine as the note-issuing authority for the three Associated States. This Laos-designated issue is part of that brief window, after nominal sovereignty was granted but before each country established its own central bank. Laos got the Banque Nationale du Laos in 1955, which rendered these notes obsolete within two years of printing.

Bradbury Wilkinson handled much of the transitional series across all three states, with country-specific overprints or designated text differentiating otherwise shared plate work.