Face: Vietnamese woman; denomination; 
<p>Text: BANQUE DE L'INDOCHINE = Bank of Indochina; 
L'ART. 139 DU CODE PÉNAL PUNIT DES TRAVAUX FORCÉS CEUX QUI AURONT CONTREFAIT OU FALSIFIÉ LES BILLETS DE BANQUES AUTORISÉES PAR LA LOI 
= Art. 139 of Penal Code punishes with the forced labour those who counterfeits or falsifies the bills of the banks authorized by the Law; 
UNE PIASTRE = One piastre; 
LE PRÉSIDENT = President 
[signature: Emile Minost]; 
LE DIRECTEUR GÉNÉRAL ADJOINT = Deputy General Director 
[signature: Jean Laurent]; 
SÉB. LAURENT FEC. [designer: Sébastien Laurent]; HOURRIEZ SC. [engraver: Georges Hourriez]; 
Back: Vietnamese boy carrying coconuts; denomination; 
Text: 東方滙理銀行 = Bank of Indochina; 
GIẤY MỘT ĐỒNG VÀNG = Banknote one piastre gold; 
壹元 = ១ រៀល = ໑ ຫຼຽญ (on <a rel="nofollow" class="external text" href="http://art-hanoi.com/collection/icpaper/p54.html#p54c">P-54c</a>) = ໑ ຫຼຽນ (on <a rel="nofollow" class="external text" href="http://art-hanoi.com/collection/icpaper/p54.html#p54d">P-54d</a>/<a rel="nofollow" class="external text" href="http://art-hanoi.com/collection/icpaper/p54.html#p54e">P-54e</a>) = 1 piastre; 
SÉB. LAURENT FEC. [designer: Sébastien Laurent]; HOURRIEZ SC. [engraver: Georges Hourriez]; 
Watermark: Mercury head . 
</p><p>P-54c 1 Piastre 1946
Back: old Lao text: ໑ ຫຼຽญ 
</p><p>P-54s 1 Piastre 1946 SPECIMEN
perforation SPECIMEN 
</p><p>P-54d 1 Piastre 1949
Back: new Lao text: ໑ ຫຼຽນ 
</p><p>P-54e 1 Piastre 1949
Back: no dot under MÔT 
</p>
.
Banque de l'Indo-Chine.
<a rel="nofollow" class="external text" href="http://art-hanoi.com/collection/icpaper/p54.html">French Indochina 1 Piastre 1946-1949</a> (Art-Hanoi).