Vietnamese đồng - wikipedia Vietnamese đồng `` VND '' redirects here. For other uses, see VND ( disambiguation ). Vietnamese đồng đồng Việt Nam ( in Vietnamese ) 500,000 đồng 500 đồng ISO 4217 Code VND Denominations Subunit 1 / 10 hào 1 / 100 xu both subunits have been unused in Vietnam for several years Symbol ₫ U + 20AB ₫ DONG SIGN ( HTML & # 8363 ; ) Banknotes Freq. used 1,000, 2,000, 5,000, 10,000, 20,000, 50,000, 100,000, 200,000, 500,000 ₫ Rarely used 100, 200, 500 ₫ Coins 200, 500, 1000, 2000, 5000 ₫ ( no longer minted or in active use ; still legal tender ) Demographics User ( s ) Vietnam Issuance Central bank State Bank of Vietnam Website www.sbv.gov.vn Valuation Inflation 4.4 % Source 2017 The đồng ( / dɒŋ / ; Vietnamese : ( ˀɗɜwŋ͡m ˨ ˩ ) ; sign : ₫ ; code : VND ) has been the currency of Vietnam since May 3, 1978. Issued by the State Bank of Vietnam, it is represented by the symbol `` ₫ ''. Formerly, it was subdivided into 10 hào, which were further subdivided into 10 xu, neither of which is now used. Since 2012 the use of coins has decreased greatly, and since 2014 coins are generally not accepted in retail, but will still be accepted in some, but not all, banks. Contents 1 Etymology 2 History 2.1 North Vietnam 2.2 South Vietnam 2.3 United Vietnam 3 Coins 3.1 First đồng 3.2 Second đồng 3.2. 1 Commemorative Issues 3.2. 2 2003 Issue 4 Banknotes 4.1 First đồng 4.2 Second đồng 5 Bearer 's checks 1992 -- 2002 6 Other uses of đồng 7 Exchange rate 8 See also 9 References 10 External links Etymology The word đồng is from the term đồng tiền ( `` money '' ), a loanword from the Chinese tóng qián ( Traditional Chinese : 銅錢 ; Simplified Chinese : 铜钱 ). The term refers to Chinese bronze coins used as currency during the dynastic periods of China and Vietnam. The term hào is a loanword from the Chinese háo ( Chinese : 毫 ), meaning a tenth of a currency unit. The term xu comes from French sous meaning `` penny ''. The sign is encoded U + 20AB ₫ DONG SIGN ( HTML & # 8363 ; ). History North Vietnam Main article : North Vietnamese đồng In 1946, the Viet Minh government ( later to become the government of North Vietnam ) introduced its own currency, the đồng, to replace the French Indochinese piastre at par. Two revaluations followed, in 1951 and 1958 ; the first was at a rate of 100 : 1, the second at a rate of 1,000 : 1. South Vietnam Main article : South Vietnamese đồng Notes dually denominated in piastres and đồng were issued in 1953 for the State of Vietnam, which evolved into South Vietnam in 1954. On September 22, 1975, after the fall of Saigon, the currency in South Vietnam was changed to a `` liberation đong '' worth 500 old Southern đồng. United Vietnam After Vietnam was reunified, the đồng was also unified, on May 3, 1978. One new đồng equalled one Northern đồng or 0.8 Southern `` liberation '' đồng. On September 14, 1985, the đồng was revalued, with the new đồng worth 10 old đồng. This started a cycle of chronic inflation that continued through much of the early 1990s. Coins For earlier modern Vietnamese coins, please see North Vietnamese đồng or South Vietnamese đồng. First đồng In 1978, aluminium coins ( dated 1976 ), were introduced in denominations of 1, 2, and 5 hào and 1 đồng. The coins were minted by the Berlin mint in the German Democratic Republic and bear the state crest on the obverse and denomination on the reverse. Due to chronic inflation, these coins lost all their relevant value and no coins circulated for many years after this series. Second đồng Commemorative Issues Commemorative coins in copper, brass, copper - nickel, silver, and gold have been issued since 1986, but none of these have ever been used in circulation. 2003 issue The State Bank of Vietnam resumed issuing coins on December 17, 2003. The new coins, minted by the Mint of Finland, were in denominations of 200, 500, 1,000, 2,000, and 5,000 đồng in either nickel clad steel or brass clad steel. Prior to its reintroduction, Vietnamese consumers had to exchange banknotes for tokens with a clerk before purchasing goods from vending machines. This was also to help the state ease the cost of producing large quantities of small denomination banknotes which tended to wear hard. Many residents expressed excitement at seeing coins reappear after many years, as well as concern for the limited usefulness of the 200 đồng coins due to ongoing inflationary pressures. There had been rumors of children mistaking coins for candies, and some vendors believing them to be fakes, since coins had long been absent from use in Vietnam, but these reports have been difficult to verify. Since the launch of the 2003 coin series, the State Bank has had some difficulties with making the acceptance of coins universal despite the partial discontinuation of smaller notes, to the point of some banks refusing coin cash deposits or the cashing in of large numbers of coins. This has prompted laws requiring private and municipal banks to transact and offer services for coins and the full discontinuation of small denomination and cotton based notes. 2003 Series Image Value Technical parameters Description Date of Diameter Thickness Mass Composition Obverse Reverse first minting issue 200 ₫ 20 mm 1.45 mm 3.2 g Nickel - plated steel Coat of arms Denomination 2003 December 17, 2003 500 ₫ 22 mm 1.75 mm 4.5 g Nickel - plated steel April 1, 2004 1,000 ₫ 19 mm 1.95 mm 3.8 g Brass - plated steel Coat of arms Water Temple, Đô Temple 2003 December 17, 2003 2,000 ₫ 23.5 mm 1.8 mm 5.1 g Brass - plated steel Highland Stilt house in Tay Nguyen April 1, 2004 5,000 ₫ 25.5 mm 2.2 mm 7.7 g Brass ( Cu Al Ni ) Một Cột Pagoda ( One Pillar Pagoda ) December 17, 2003 These images are to scale at 2.5 pixels per millimeter. For table standards, see the coin specification table. Banknotes First đồng In 1978, the State Bank of Vietnam ( Ngân hàng Nhà nước Việt Nam ) introduced notes in denominations of 5 hào, 1, 5, 10, 20, and 50 đồng dated 1976. In 1980, 2 and 10 đồng notes were added, followed by 30 and 100 đồng notes in 1981. These notes were discontinued in 1985 as they gradually lost value due to inflation and economic instability. Second đồng In 1985, notes were introduced in denominations of 5 hào, 1, 2, 5, 10, 20, 30, 50, 100, and 500 đồng. As inflation became endemic, these first banknotes were followed by 200, 1,000, 2,000, and 5,000 đồng notes in 1987, by 10,000 and 50,000 đồng notes in 1990, by a 20,000 đồng note in 1991, a 100,000 đồng note in 1994, a 500,000 đồng note in 2003, and a 200,000 đồng note in 2006. Banknotes with denominations of 5,000 đồng and under have been discontinued from production, but as of 2015 are still in wide circulation. Five banknote series have appeared. Except for the current series, dated 2003, all were confusing to the user, lacking unified themes and coordination in their designs. The first table below shows the latest banknotes, of 100 đồng or higher, prior to the current series. On June 7, 2007, the government ordered cessation of the issuance of the cotton 50,000 and 100,000 ₫ notes. They were taken out of circulation by September 1, 2007. State Bank of Vietnam 10,000 and 20,000 ₫ cotton notes are no longer in circulation as of January 1, 2013. Second đồng Image Value Dimensions Main Color Description Date of Obverse Reverse Obverse Reverse printing issue 200 ₫ 130 × 65 mm Orange Ho Chi Minh Agricultural production September 30, 1987 500 ₫ 130 × 65 mm Pink Port Haiphong August 15, 1989 1,000 ₫ 134 × 65 mm Multicolor on lime background Lumber productions October 20, 1989 2,000 ₫ 134 × 65 mm Multicolor Textile factory 5,000 ₫ 134 × 65 mm Blue Trị An hydropower plant 1991 January 15, 1993 10,000 ₫ 140 × 68 mm Red Hạ Long Bay October 15, 1994 20,000 ₫ 140 × 68 mm Blue Canned food factory 1991 March 2, 1993 50,000 ₫ 140 × 68 mm Green Nhà Rồng Port October 15, 1994 100,000 ₫ 145 × 71 mm Brown Ho Chi Minh 's ethnic house September 1, 2000 In 2003 Vietnam began replacing its cotton banknotes with plastic polymer banknotes, claiming that this would reduce the cost of printing. Many newspapers in the country criticized these changes, citing mistakes in printing and alleging that the son of the governor of the State Bank of Vietnam benefited from printing contracts. The government clamped down on these criticisms by banning two newspapers from publishing for a month and considering other sanctions against other newspapers. Even though the 2003 series banknotes listed in the table below have now completely replaced the old notes of the same denominations, as of 2015 the cotton fiber banknotes of 200, 500, 1000, 2000 and 5,000 đồng still remain in wide circulation and are universally accepted. 2003 Polymer Series Image Value Dimensions Main Color Description Date of Obverse Reverse Obverse Reverse printing issue 10,000 ₫ 132 × 60mm Dark brown on greenish yellow Ho Chi Minh Offshore platform The first two digits of the serial number give the last two digits of the year of issue. August 30, 2006 20,000 ₫ 136 × 65 mm Blue Covered bridge in Hội An May 17, 2006 50,000 ₫ 140 × 65 mm Pink Huế December 17, 2003 100,000 ₫ 144 × 65 mm Yellowish green Temple of Literature September 1, 2004 200,000 ₫ 148 × 65mm Brownish - red Hạ Long Bay August 30, 2006 500,000 ₫ 152 × 65 mm Cyan - Green Ho Chi Minh 's birthplace in Kim Liên December 17, 2003 These images are to scale at 0.7 pixels per millimeter. For table standards, see the banknote specification table. A commemorative polymer 50 - đồng banknote dedicated to the fiftieth anniversary of the State Bank of Vietnam was issued in 2001, but its face value is so tiny that it clearly was meant only for collectors. The note is available in three forms, by itself, in a presentation folder or in a presentation folder in an envelope. In 2016, a 100 - đồng banknote was issued on cotton - based paper to commemorate the 65th anniversary of central banking. Bearer 's Checks 1992 -- 2002 To support the growing industrial need for large money transactions, the State Bank issued `` Bearer 's Checks '' or `` State Bank Settlement Checks '' ( Ngân Phiếu Thanh Toán ) in denominations from 100,000 to 5,000,000 đồng. To prevent counterfeiting, these notes had many degrees of protection, their designs were changed every five to six months, and they had expiration dates five or six months after the date of issue. The checks worked until the banking system was upgraded to handle electronic transfers of large amounts of đồng, making most large cash transactions unnecessary. Other uses of đồng In the Vietnamese language, `` đồng '' can be used as a generic term for any currency by adding the name of a country as a qualifier. This practice is more common for more esoteric units of currency. In present - day Vietnam, một ngàn / một nghìn ( one thousand ) is widely understood as one thousand đồng. Exchange rate Current VND exchange rates From Google Finance : AUD CAD CHF EUR GBP HKD JPY USD INR CNY From Yahoo ! Finance : AUD CAD CHF EUR GBP HKD JPY USD INR CNY From XE : AUD CAD CHF EUR GBP HKD JPY USD INR CNY From OANDA : AUD CAD CHF EUR GBP HKD JPY USD INR CNY From fxtop.com : AUD CAD CHF EUR GBP HKD JPY USD INR CNY After the revaluation of the Zimbabwean dollar on 1 August 2006, the đồng became the least valued currency unit for months. Around 21 March 2007, the revalued Zimbabwean dollar regained least valued currency status ( in terms of black market exchange rate ), and on 7 September 2007 in terms of official exchange rate. After the use of the Zimbabwean dollar ceased on 12 April 2009, the đồng was the second least valued currency unit after the Iranian rial as of 28 November 2014. Since 19 June 2014, the Vietnamese dong has been devalued a total of five times in an effort to help spur exports and to ensure the stability of the currency. Year USD Exchange rate 1960 97 1970 410 1980 2.05 6,500 2000 14,428 19,495 2011 21,030 2012 20,820 2013 21,055 2014 21,380 2015 22,450 30 Dec 2016 22,769 ( Sources : tradingeconomics.com, imf.org ) See also Vietnam portal Numismatics portal Vietnamese cash VND Index Economy of Vietnam References Jump up ^ `` Vietnam 's Inflation Rate to Hit Over 4 Percent in 2014 ''. Retrieved 11 November 2016. Jump up ^ `` LOC Country Study Vietnam ''. Lcweb2.loc.gov. Retrieved 2014 - 01 - 07. ^ Jump up to : State Bank of Vietnam. `` Technical characteristics of Vietnamese currency '' ( in Vietnamese ). Archived from the original on 2006 - 07 - 22. Retrieved 2006 - 08 - 09. Jump up ^ `` Curious Vietnamese sneak a peek at no - tear notes, coins ''. 2003 - 12 - 19. Archived from the original on 2004 - 06 - 01. Jump up ^ `` collection / vncoins / vn - 20003 - o ''. art-hanoi.com. Retrieved 2014 - 04 - 03. Jump up ^ `` collection / vncoins / vn - 20003 - r ''. art-hanoi.com. Retrieved 2014 - 01 - 25. Jump up ^ `` collection / vncoins / vn - 1k03 - o ''. art-hanoi.com. Retrieved 2014 - 04 - 03. Jump up ^ `` collection / vncoins / vn - 1k03 - r ''. art-hanoi.com. Retrieved 2014 - 01 - 25. Jump up ^ `` collection / vncoins / vn - 2k03 - o ''. art-hanoi.com. Retrieved 2014 - 04 - 03. Jump up ^ `` collection / vncoins / vn - 2k03 - r ''. art-hanoi.com. Retrieved 2014 - 01 - 25. Jump up ^ `` 500,000 Vietnamese Dong : The Story of a Historic Banknote ''. www.banknoteworld.com. Retrieved 2017 - 03 - 24. Jump up ^ http://english.vovnews.vn/Home/Cotton-banknotes-to-go-out-of-circulation/20129/142580.vov. Missing or empty title = ( help ) ^ Jump up to : BBC ( 2006 - 10 - 21 ). `` Vietnam censorship concern grows ''. BBC News. Jump up ^ NGÂN HÀNG NHÀ NƯỚC VIỆT NAM THÔNG BÁO PHÁT HÀNH TIỀN MỚI VÀO LƯU THÔNG Archived September 27, 2006, at the Wayback Machine. ^ Jump up to : `` P - 119 ''. banknote.ws. Retrieved 2014 - 04 - 03. ^ Jump up to : `` P - 120 ''. banknote.ws. Retrieved 2014 - 04 - 03. ^ Jump up to : `` P - 121 ''. banknote.ws. Retrieved 2014 - 04 - 03. ^ Jump up to : `` P - 122 ''. banknote.ws. Retrieved 2014 - 04 - 03. ^ Jump up to : `` P - 123 ''. banknote.ws. Retrieved 2014 - 04 - 03. ^ Jump up to : `` P - 124 ''. banknote.ws. Retrieved 2014 - 04 - 03. Jump up ^ Ngan Phieu ( Bearer 's Checks ) 1992 - 2002 Coins and banknotes of Vietnam and French Indochina Jump up ^ `` Zimbabwe money loses three zeros ''. BBC News. July 31, 2006. Jump up ^ 12 April 2009 ( 12 April 2009 ). `` Zimbabwe Suspends Use of Own Currency News English ''. Voanews.com. Archived from the original on June 29, 2011. Retrieved 7 January 2010. CS1 maint : Unfit url ( link ) Jump up ^ `` Vietnamese Dong Devaluations 2014 - 2016 ''. globalcurrencyreset.net. 2016 - 05 - 23. Retrieved 2016 - 05 - 23. Krause, Chester L. ; Clifford Mishler ( 1991 ). Standard Catalog of World Coins : 1801 -- 1991 ( 18th ed. ). Krause Publications. ISBN 0873411501. Pick, Albert ( 1994 ). Standard Catalog of World Paper Money : General Issues. Colin R. Bruce II and Neil Shafer ( editors ) ( 7th ed. ). Krause Publications. ISBN 0 - 87341 - 207 - 9. External links Wikimedia Commons has media related to Money of Vietnam. Coins and Banknotes of Vietnam and French Indochina First đồng Preceded by : North Vietnamese đồng Location : North Vietnam Reason : currency unification Ratio : at par Currency of Vietnam 1978 -- 1985 Note : banknotes are dated 1976 Succeeded by : Second đồng Reason : inflation Ratio : 1 second đồng = 10 first đồng Preceded by : South Vietnamese liberation đồng Location : South Vietnam Reason : currency unification Ratio : 1 new đồng = 0.8 liberation đồng Preceded by : Moneyless economy Reason : Vietnamese invasion of Cambodia Note : It is unclear whether the North, the South đồng, or nothing at all was used after the invasion in January 1980 and before the issuance of a united đồng in May Currency of Cambodia 1978 -- 1980 Concurrent with : Thai baht and some other foreign currencies, to some extent Succeeded by : Cambodian riel Reason : reintroduction of a national currency Ratio : 1 riel = 3 đồng = 0.25 U.S. dollar = 1kg rice Second đồng Preceded by : First đồng Reason : inflation Ratio : 1 second đồng = 10 first đồng Currency of Vietnam 1985 -- Succeeded by : Current Currency symbols ( ¤ ) Circulating ؋ ฿ ₵ ₡ ¢ $ ₫ ֏ € ƒ ₲ ₴ ₾ ₭ ₺ ₼ ₦ ₱ £ 元 圆 圓 ریال ៛ ₽ ₹ ૱ ௹ ꠸ Rs ₪ ৳ ₸ ₮ ₩ ¥ 円 Historic ₳ ₢ ₰ ₯ ₠ ₣ ₤ ₶ RM M ₧ 𐆚 𐆖 𐆙 𐆗 𐆘 Uncirculated ₿ ₥ ₷ Currencies of Asia Central Kazakhstani tenge Kyrgyzstani som Tajikistani somoni Turkmenistan manat Uzbekistani soʻm East Chinese yuan Hong Kong dollar Japanese yen North Korean won South Korean won Macanese pataca Mongolian tögrög New Taiwan dollar North Russian ruble South Afghan afghani Bangladeshi taka Bhutanese ngultrum Indian rupee Maldivian rufiyaa Nepalese rupee Pakistani rupee Sri Lankan rupee Pound sterling British Indian Ocean Territory U.S. dollar British Indian Ocean Territory Southeast Brunei dollar Burmese kyat Cambodian riel East Timorese centavo Indonesian rupiah Lao kip Malaysian ringgit Philippine peso ( piso ) Singapore dollar Thai baht U.S. dollar East Timor Vietnamese đồng West Abkhazian apsar Armenian dram Artsakh dram Azerbaijani manat Bahraini dinar Egyptian pound Gaza Strip Euro Cyprus Georgian lari Iranian rial Iraqi dinar Israeli new shekel Jordanian dinar Kuwaiti dinar Lebanese pound Omani rial Russian ruble ( Abkhazia and South Ossetia ) Qatari riyal Saudi riyal Syrian pound Turkish lira UAE dirham Yemeni rial Retrieved from `` https://en.wikipedia.org/w/index.php?title= Vietnamese_đồng&oldid = 839410139 '' Categories : ISO 4217 Currency symbols Currencies of Asia Circulating currencies Currencies of Vietnam Currency introduced in 1978 Hidden categories : CS1 Vietnamese - language sources ( vi ) Pages with citations lacking titles Pages with citations having bare URLs Webarchive template wayback links CS1 maint : Unfit url Articles with Vietnamese - language external links All articles with unsourced statements Articles with unsourced statements from October 2017 Articles with unsourced statements from October 2014 Articles with unsourced statements from October 2015 Talk Contents About Wikipedia Bân - lâm - gú Беларуская Български Català Čeština Dansk Deutsch Ελληνικά Español Esperanto فارسی Français 한국어 Հայերեն हिन्दी Hrvatski বিষ্ণুপ্রিয়া মণিপুরী Bahasa Indonesia Italiano Коми Lietuvių Magyar मराठी მარგალური مصرى مازِرونی Nederlands 日本 語 Norsk Oʻzbekcha / ўзбекча ਪੰਜਾਬੀ Polski Português Русский Саха тыла Scots Slovenčina Српски / srpski Suomi Svenska Tagalog ไทย Тоҷикӣ Türkçe Türkmençe Українська Tiếng Việt 吴语 Yorùbá 粵語 中文 43 more Edit links This page was last edited on 3 May 2018, at 07 : 14. 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Question: what is the name of the vietnamese currency
Answer: đồng