10 Piastres Vietnam Issue

The Institut d'Emission des Etats du Cambodge, du Laos et du Vietnam was a transitional institution, created in 1952 as France began unwinding the Banque de l'Indochine's monopoly over currency in its Associated States. This note was issued for Vietnamese circulation specifically — the three successor states each received distinct issue variants from the same printing program, despite sharing a common institutional framework and, in some cases, common plates.

Thomas De La Rue's production records confirm London printing for this series. By 1955, the Institut itself was dissolved as Vietnam moved toward separate monetary arrangements, making the entire 1953 program short-lived by design.