Face:

helmeted woman holding a wreath; denomination;

Text:

BANQUE DE L'INDOCHINE = Bank of Indochina;
VINGT PIASTRES = Twenty piastres;
L'ARTICLE 139 DU CODE PÉNAL PUNIT DES TRAVAUX FORCÉS CEUX QUI AURONT CONTREFAIT OU FALSIFIÉ LES BILLETS DE BANQUES AUTORISÉES PAR LA LOI
= Article 139 of Penal Code punishes with the forced labour those who counterfeits or falsifies the bills of the banks authorized by the Law;
LE PRÉSIDENT = President
[signature: Emile Minost];
LE DIRECTEUR GÉNÉRAL ADJOINT = Deputy General Director
[signature: Jean Laurent];
SÉB. LAURENT FEC. [designer: Sébastien Laurent]; E. DELOCHE - J. PIEL SC. [engravers: Emile Deloche, Jules Piel];

Back:

helmeted woman holding a wreath; denomination;

Text:

東方滙理銀行 = Bank of Indochina;
貳拾元 = ២០ រៀល = ໒໐ ຫຼຽญ = 20 piastres;
GIẤY HAI CHỤC ĐỒNG VÀNG = Banknote twenty piastres gold;
SÉB. LAURENT FEC. [designer: Sébastien Laurent]; RITA SC. [engraver: Rita];

Watermark:

Mercury head