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500 Piastres Gray

Uitgever Banque de l'Indochine
Jaar 1945
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Drukker Imprimerie d'Extrême-Orient, Hanoi, French Indochina
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Beschrijving voorzijde Central vignette of a group of laborers in traditional conical hats hauling ropes on an irrigation project, rendered in a fine intaglio style against a guilloche-patterned ground. At left, a pagoda amid stylized trees forms an architectural vignette. The denomination "500" appears in red at upper right alongside the warning legend, with the note title "CINQ CENTS PIASTRES" in bold letterpress across the lower portion.
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Beschrijving keerzijde Central vignette of a large imperial dragon amid stylized clouds, rendered in multicolour intaglio with blue and orange tones, occupying the full width of the note. Chinese characters appear at upper centre and at left, with the denomination "500" printed in red at both upper corners. Khmer and Lao script denomination panels appear at right, and the inscription "GIAY NAM TRAM DONG VANG" is set in bold letterpress across the lower centre.
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Opmerkingen

Printed in Hanoi during the final months of Japanese occupation, this note was produced under extraordinary duress. The Imprimerie d'Extrême-Orient had been operating under Japanese oversight since the March 1945 coup de force that dismantled French colonial administration outright — meaning these notes were being struck at a moment when the Banque de l'Indochine's own authority in the territory was effectively suspended.

Phạm Ngọc Khuê's involvement as designer marks one of the rare documented instances of a Vietnamese artist credited on an Indochinese colonial issue. The gray colorway distinguishes this from earlier 500 Piastres printings and reflects wartime ink and material constraints rather than any deliberate redesign policy.