Vietnamese đồng conversion

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Vietnamese đồng

Worldwide use:

  • Socialist Republic of Vietnam

Description:

The word Dong comes from the term dòng tièn or tóng qián in Chinese, meaning money and refers to Chinese bronze coins used during the dynastic periods of China and Vietnam. The coinage comes in denominations of 200₫, 500₫,1000₫, 2000₫ and 5000₫. Banknotes come in denominations of 100₫, 200₫, 500₫, 1000₫, 2000₫ and 5000₫. These first six notes are old issues but are still in circulation. Notes from later issues come in denominations of 10000₫, 50000₫, 100000₫ 200000₫ and 500000₫ bills.

In 1992 the Vietnamese Bank issued bearer checks to ease the process of large cash transactions. To prevent counterfeiting, the government changed the design of these checks every six months and the notes would expire six months after the date of issue. These were phased out in 2002.

Origin:

After unification of north and south Vietnam in May 1978 the currencies were also unified. In 1985 the Dong was revalued, with the new Dong worth 10 old Dong. Since 2003 Vietnam has replaced its old cotton based notes with plastic polymer banknotes. The highest value note is the 500000 Dong bill.

Component units:

  • Hào (10)
  • Xu (100)

Date introduced:

  • May 1978

Central bank:

  • State Bank of Vietnam

Printer:

    Mint:

    • The Mint of Finland