1 Piastre Cambodia Issue

The Institut d'Emission des Etats du Cambodge, du Laos et du Vietnam was a short-lived transitional authority created in 1952 as France began dismantling the Indochinese monetary union. It lasted barely four years before each constituent state established its own national bank. This note, issued in 1954, sits in that narrow window — the same year the Geneva Accords formally ended French military involvement in the region.

Thomas De La Rue's involvement was typical of the period; the French were outsourcing security printing to London even as political control over Indochina slipped away. The "Cambodia Issue" designation distinguishes it from parallel printings for Laos and Vietnam under the same P#94 series numbering.