French Indochinese piastre

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The piastre was the currency of French Indo-China between 1885 and 1952. It was subdivided into 100 cents, and was introduced to increase monetary stability in the colonies. It was initially equivalent to the Mexican peso which circulated widely in region at that time. In Cambodia it replaced the franc, whilst in Laos it replaced Thai currency and in Vietnam, the đồng.

In 1946, North Vietnam replaced the piastre, at par, with its own currency, the đồng. When the remainder of French Indo-China was divided into Cambodia, Laos, and South Vietnam, the piastre was replaced by the Cambodian riel, Lao kip and Vietnamese đồng, all at par.

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