History of Vietnam's banknotes
Dublin Core
Title
History of Vietnam's banknotes
Description
The feudal era
Each Vietnamese dynasty casted its own coins from bronze, zinc, and iron. Some dynasties even printed their own banknotes.
1396: The first wide-spread Vietnamese banknote was the "Thong bao hoi sao" of the Ho Dynasty in 1396.
French occupation
The monetary unit in Indochina was the piastre, often referred to as "bac".
Colonial authorities introduced Mexican coins and later Dong Duong coins.
The Indochina Bank also issued banknotes, with images of three girls in the traditional costumes of Vietnam, Laos, and Cambodia.
1945–1947
The Democratic Republic of Vietnam issued the first aluminum coins.
On May 15, 1947, the government issued Decree 48/SL for circulation of the country's banknotes with face values of 1, 5, 10, 20, 100, and 500 Dong
The State switched the old Dong Duong banknotes to the Vietnam Dong banknote, at a 1 to 1 rate.
1951
The National Bank of Vietnam was established and released banknotes to replace the money issued under the Ministry of Finance in 1947.
May, 1975
The new government took over the National Bank of Vietnam.
The old currency was retained until June 6, 1975, when the Provisional Revolutionary Government of the Republic of South Vietnam enacted Decree No. 04/PCT - 75 on the establishment of the National Bank of Vietnam, led by Governor Tran Duong.
September 1975
The Provisional Revolutionary Government of the Republic of South Vietnam launched a new national currency, called "Bank of Vietnam Money" (also known as liberation money) at the rate of 1 dong of the new currency for 500 dong of the old one, and equivalent to US$1
Reference:
Letwin, Brian. 2013. "A History of Vietnamese Banknotes." Saigoneer. Last modified September 9, 2013 (29 May 2022).
Each Vietnamese dynasty casted its own coins from bronze, zinc, and iron. Some dynasties even printed their own banknotes.
1396: The first wide-spread Vietnamese banknote was the "Thong bao hoi sao" of the Ho Dynasty in 1396.
French occupation
The monetary unit in Indochina was the piastre, often referred to as "bac".
Colonial authorities introduced Mexican coins and later Dong Duong coins.
The Indochina Bank also issued banknotes, with images of three girls in the traditional costumes of Vietnam, Laos, and Cambodia.
1945–1947
The Democratic Republic of Vietnam issued the first aluminum coins.
On May 15, 1947, the government issued Decree 48/SL for circulation of the country's banknotes with face values of 1, 5, 10, 20, 100, and 500 Dong
The State switched the old Dong Duong banknotes to the Vietnam Dong banknote, at a 1 to 1 rate.
1951
The National Bank of Vietnam was established and released banknotes to replace the money issued under the Ministry of Finance in 1947.
May, 1975
The new government took over the National Bank of Vietnam.
The old currency was retained until June 6, 1975, when the Provisional Revolutionary Government of the Republic of South Vietnam enacted Decree No. 04/PCT - 75 on the establishment of the National Bank of Vietnam, led by Governor Tran Duong.
September 1975
The Provisional Revolutionary Government of the Republic of South Vietnam launched a new national currency, called "Bank of Vietnam Money" (also known as liberation money) at the rate of 1 dong of the new currency for 500 dong of the old one, and equivalent to US$1
Reference:
Letwin, Brian. 2013. "A History of Vietnamese Banknotes." Saigoneer. Last modified September 9, 2013 (29 May 2022).
Creator
Tran Thi Thu Thao
Citation
Tran Thi Thu Thao, “History of Vietnam's banknotes,” Augustus in Saigon!?, accessed May 19, 2024, https://augustusinsaigon.uni-trier.de/items/show/185.