50 Riels

The Banque Nationale du Cambodge was established in 1954 following independence from France, and this early issue reflects how completely the new institution depended on French infrastructure — the Banque de France in Paris printed the entire series, as Cambodia had no domestic printing capacity whatsoever. That dependency wasn't just logistical; it shaped monetary policy for the better part of a decade.

Pick 3A is distinguished from the related 3B by signature combination, a detail that collapses the two into separate scarcities. The 3A signatures correspond to the earliest post-independence appointments to the bank's directorate.