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5 Piastres Vietnam Issue

Issuer Institut d'Émission des États du Cambodge, du Laos et du Viêt-Nam
Year 1953
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Size 131 × 83 mm
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Obverse lettering VIỆN PHÁT HÀNH NĂM ĐỒNG ប្រាំ រៀល ຫ້າກີບ
(Translation: Distribution institute, Five Đồng, Five Riels, Five Kip)
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Protection description Watermark area visible as a large blank circular panel on the right side of the note
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The Institut d'Émission was a short-lived institution, established in 1952 to replace the Banque de l'Indochine as the currency authority for the three Associated States — a political concession to nominal independence that satisfied no one. By 1955, all three states had broken off to issue their own separate currencies, making this series among the last to carry a tri-state issuing mandate.

Bradbury Wilkinson handled the print run from their New Malden works, as they did for much of Britain's colonial and post-colonial currency work in this period. The 5 piastres denomination circulated at the low end of daily transactions in Vietnam, where inflation was already eroding smaller notes out of practical use.

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