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b26_0348 - 1 Cent FRENCH INDOCHINA 1920

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1 Cent FRENCH INDOCHINA  1920  UNC
* We have multiple instances of this banknote in our inventory, so the banknote you receive is likely to have a different serial number.
1 Cent FRENCH INDOCHINA  1920  UNC1 Cent FRENCH INDOCHINA  1920  UNC
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Item sold on our e-shop
Price : 289.65 €
Face Value : 1 Cent
Date: (1920)
Period/Provinces/Banks Société des Plantations de Honquan, Cochinchine
Additional reference : KM.212

Commentary


Émission de nécessité de cette plantation, uniface, imprimé en noir sur fond jaune-vert et carton bleu-gris. Ces "billets de nécessité" avaient une double fonction : éviter de devoir alimenter l'économat de la Société avec de la monnaie mais surtout concentrer les revenus des travailleurs journaliers sur les boutiques et services proposés dans la plantation, par l'employeur-propriétaire. Cette technique, mieux connue en Amérique du Sud, permet en pratique de récupérer le salaire versé en échange des moyens de substistance des employés. Il les empêche aussi de quitter la plantation puisqu'il rend difficile la constitution de réserves et d'économies en monnaie nationale.
Necessity issue of this plantation, single-sided, printed in black on a yellow-green background and blue-grey cardboard. These \\\"necessity notes\\\" had a dual function: to avoid having to supply the Company's commissary with currency but above all to concentrate the income of day laborers on the shops and services offered on the plantation, by the employer-owner. This technique, better known in South America, allows in practice to recover the salary paid in exchange for the employees' means of subsistence. It also prevents them from leaving the plantation since it makes it difficult to build up reserves and savings in national currency

Historical background


FRENCH INDOCHINA

French Indochina is part of the former French colonial empire, creation of the colonial administration, bringing together several territories: the protectorates of Tonkin and Annam and the colony of Cochinchina, grouped together from 1949 within the State of Vietnam, the French Protectorate of Laos and the French Protectorate of Cambodia. The Indochinese Union is created by the union of different territories of Southeast Asia colonized or passed under French protectorate during the 19th century. In the 20th century, the various Vietnamese independence movements gained in power: during the Second World War, the weakening of the metropolis and the occupation of Indochina by the Empire of Japan, put an end to the French colonial administration. March 9, 1945 (in July 1945 in Cochinchina). The power vacuum at the end of the war allows the Việt Minh, the Vietnamese independence movement led by the Indochinese Communist Party, to take over the north of the country. Attempts to reconcile and reform the status of Indochina failed and resulted in the Indochina War in 1946.. Faced with the political and military stalemate, France had to resolve to abandon Indochina, whose Vietnamese, Laotian and Cambodian components saw their independence recognized by the Geneva Accords of 1954, which also formalized the partition of Vietnam, like the wanted the Americans and the Chinese.

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