Face:

King Sisavang Vong; denomination;

Text:

INSTITUT D'ÉMISSION DES ÉTATS DU CAMBODGE DU LAOS ET DU VIET-NAM
= Issuing Authority for the States of Cambodia, Laos and Vietnam;
UNE PIASTRE = One piastre;
LE PRÉSIDENT = President
[signature: Gaston Cusin];
LE CAISSIER GÉNÉRAL = Chief Cashier
[signature: Yves Digo];

Back:

denomination;

Text:

ຫໍທະນະບ້ດ = Issuing Authority;
ໜຶ່ງກິບ = មួយ រៀល = One piastre;
GIẤY MỘT ĐỒNG = Banknote one piastre;

No watermark