20 Francs

By 1941, Banque de France was printing currency for French Indochina under Vichy-era administrative arrangements, with the colony nominally under French control despite Japanese military occupation. This note was engraved by Ernest Deloche on the obverse and Marguerite Dreyfus — known professionally as Rita — on the reverse, the latter being one of the few women to hold a senior engraving position at the Banque de France during that period.

The Clément Serveau design credit on the obverse links this issue to a broader interwar series aesthetic he developed for French colonial notes through the 1930s and into the occupation years.