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 P-54c) = ໑ ຫຼຽນ (on P-54d/P-54e) = 1 piastre; SÉB. LAURENT FEC. [designer: Sébastien Laurent]; HOURRIEZ SC. [engraver: Georges Hourriez]; Watermark: Mercury head .

P-54c 1 Piastre 1946 Back: old Lao text: ໑ ຫຼຽญ

P-54s 1 Piastre 1946 SPECIMEN perforation SPECIMEN

P-54d 1 Piastre 1949 Back: new Lao text: ໑ ຫຼຽນ

P-54e 1 Piastre 1949 Back: no dot under MÔT