Currency is exchanged in jewellery stores or banks Use cash: A relatively limited solution that does not allow large investments.An investor has 4 main ways to exchange currency in to VND: Currently the exchange rate is about 22,300 VND to 1 USD.
Vietnamese dong value code#
The currency code for Vietnamese dong is VND and the symbol is ₫. ISBN 0-87341-469-1.Vietnam dong investment: Guidelines for foreigners Bruce II and Neil Shafer (editors) (8th ed.). Standard Catalog of World Paper Money: General Issues to 1960. Bruce II and Neil Shafer (editors) (7th ed.). Standard Catalog of World Paper Money: General Issues. The Ngân-Hàng Việt-Nam (Bank of Vietnam) issued notes in denominations of 10, 20 and 50 xu, 1, 2, 5, 10 and 50 đồng. The 1 and 5 xu were not dated but Krause & Mishler date them to 1976. All were holed coins struck in aluminium and were issued in the name of the Ngân-Hàng Việt-Nam (Bank of Vietnam). The liberation đồng circulated until May 2, 1978, when the two Vietnamese currencies merged and the liberation đồng was replaced by the new Vietnamese đồng at a rate of 1 new đồng = 0.8 liberation đồng.Ĭoins were issued in denominations of 1, 2 and 5 xu. Due to steady inflation, 500 đồng notes were printed in 1975 but not issued due to the fall of Saigon.īecause counterfeit banknotes were a major issue at the time, all South Vietnamese banknotes were printed with a warning stating that counterfeiters were to be punished by penal labour.įollowing the defeat of South Vietnam by North Vietnamese forces, the first đồng was replaced by a new currency, known as the "liberation đồng", at a rate of 1 liberation đồng = 500 first đồng on September 22, 1975. In 1971, 1000 đồng notes were introduced. Between 19, notes below 50 đồng were replaced by coins. Subsequently, the Ngân-Hàng Quốc-Gia Việt-Nam (National Bank of Vietnam) took over the issuance of paper money, introducing 2 and 500 đồng notes in 1955 and 20 and 50 đồng in 1956.
The Institut issues for Cambodia and Laos ceased to be legal tender on 7 October, and all Bank of Indochina notes lost their legal tender status on 31 October following the 15 October introduction of the first notes from the National Bank of Vietnam. On 22 September 1955, the Ministry of Finance and Economic Affairs announced that notes from the Bank of Indochina and the Institut d’Emission issues for Cambodia and Laos would be exchanged for Institut d’Emission issues for Vietnam starting 30 September until 7 November. In 1953, notes (dated 1952) were introduced by the Institut d'Emission des Etats du Cambodge, du Laos et du Vietnam in denominations of 1, 5, 10, 100 and 200 đồng. Rice plant, "Ngân Hàng Quốc gia Việt Nam" (National Bank of Vietnam) Ngo Dinh Diem, "Việt Nam Cộng Hòa" (Republic of Vietnam) Three women, "Quốc gia Việt Nam" (State of Vietnam) The coins issued can be roughly classified into five series: It is reported that all but a few examples were "disposed of as scrap metal" and the coin is very rare. 50 đồng were minted dated 1975 but they were never shipped to Vietnam due to the fall of the South Vietnamese government. In 1953, 10, 20 and 50 su coins were introduced. In 1955, an independent issue of đồng banknotes was produced by the National Bank of Vietnam.Ī South Vietnamese 1 đồng Coin from 1964 Coins Coins denominated in su were also introduced in 1953. The đồng circulated in those parts of Vietnam not under the control of the Communist forces, which by 1954 coincided with South Vietnam. At the same time, the two other branches of the Bank made similar issues with the riel in Cambodia and the kip in Laos. In 1953, the Vietnam branch of the Institut d'Emission des Etats du Cambodge, du Laos et du Vietnam issued notes dual denominated in piastre and đồng. It was subdivided into 100 xu, also written su.įirst đồng, 1953 to 1975 History The đồng (銅) was the currency of South Vietnam from 1953 to. This infobox shows the latest status before this currency was rendered obsolete. Republic of South Vietnam (Liberation đồng) Former currency of South Vietnam South Vietnamese đồng đồng Việt Nam Cộng Hòa ( Vietnamese)ġ, 5, 10, 20, 50, 100, 200, 500, 1000 đồng
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