South Vietnamese đồng

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South Vietnamese đồng
đồng Việt Nam Cộng Hòa (Vietnamese)
100South Vietmanese đồng1966f.jpg 100South Vietmanese đồng1966b.jpg
100 đồng 1966 front 100 đồng 1966 back
Central bank National Bank of Vietnam
User(s)  South Vietnam
Subunit
 1/100 xu or su
Symbol Đ.
Coins 10, 20, 50 xu,[1] 1, 5, 10, 20 đồng
Banknotes 1, 5, 10, 20, 50, 100, 200, 500, 1000 đồng
This infobox shows the latest status before this currency was rendered obsolete.

The đồng (銅) was the currency of the Republic of Vietnam (South Vietnam) from 1953 to May 2, 1978. It was subdivided into 100 xu, also written su.

First đồng, 1953-1975[edit]

History[edit]

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. At the same time, the two other branches of the Bank made similar issues with the riel in Cambodia and the kip in Laos. The đồng circulated in those parts of Vietnam not under the control of the Communist forces, which by 1954 coincided with South Vietnam. Coins denominated in su were also introduced in 1953. In 1955, a truly independent issue of đồng banknotes was produced by the National Bank of Vietnam.

Coins[edit]

In 1953, 10, 20 and 50 su coins were introduced. In 1960, 1 đồng were added, followed by 10 đồng in 1964, 5 đồng in 1966 and 20 đồng in 1968. 50 đồng were minted dated 1975 but they were never shipped to Vietnam due to the fall of the South Vietnamese government. It is reported that all but a few examples were "disposed of as scrap metal"[2] and the coin is very rare.

The coins issued can be roughly classified into five series:

First series
Value Diameter Composition Obverse Reverse Minted Year
10 su 23 mm Aluminium Three women, "Quốc gia Việt Nam" (State of Vietnam) Rice plant, "Việt Nam" 1953
20 su 27 mm
50 xu 31 mm Two dragons, "Việt Nam"
Second series
Value Diameter Composition Obverse Reverse Minted Year
50 su 31 mm Aluminium Ngo Dinh Diem, "Việt Nam Cộng Hòa" (Republic of Vietnam) Bamboo 1960
1 đồng 23 mm Cupronickel
Third series
Value Diameter Composition Obverse Reverse Minted Year
50 xu 30 mm Aluminium Ngo Dinh Diem, "Việt Nam Cộng Hòa" (Republic of Vietnam) Bamboo 1963
1 đồng 23 mm Cupronickel "Việt Nam Cộng Hòa", value Rice plant 1964
5 đồng 25 mm (longest)
Scalloped shape
Rice plant, "Ngân Hàng Quốc gia Việt Nam" (National Bank of Vietnam) 1966
10 đồng 26 mm Rice plant 1964
Fourth series
Value Diameter Composition Obverse Reverse Minted Year
1 đồng 23 mm Nickel plated steel "Việt Nam Cộng Hòa", value Rice plant 1971
5 đồng 25 mm (longest)
Scalloped shape
Rice plant, "Ngân Hàng Quốc gia Việt Nam" (National Bank of Vietnam)
10 đồng 26 mm Rice plant 1968, 70
20 đồng 30 mm (longest)
Dodecagon
Farmer, "Ngân Hàng Quốc gia Việt Nam" 1968
Fifth (F.A.O.) series
Value Diameter Composition Obverse Reverse Minted Year
1 đồng 23 mm Aluminium "Việt Nam Cộng Hòa", value Rice plant, Programme slogan 1971
10 đồng 26 mm Brass plated steel State title and bank title, value Farmers, Programme slogan 1974
20 đồng 30 mm (longest)
Dodecagon
Nickel plated steel "Việt Nam Cộng Hòa", value Farmer, Programme slogan 1968
50 đồng 25 mm State title and bank title, value Farmers, Programme slogan 1975

Banknotes[edit]

South Vietnam 50 đồng banknote issued in 1972.

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. 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. 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.[3] 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. Between 1964 and 1968, notes below 50 đồng were replaced by coins. In 1971, 1000 đồng notes were introduced. Due to steady inflation, 5000 and 10,000 đồng notes were printed in 1975 but not issued due to the communist victory.

Dates Denominations
1952–1953 1, 5, 10, 100, 200 đồng
1955–1958 1, 5, 10, 20, 100, 200, 500 đồng
1955–1962 1, 2, 5, 10, 20, 50, 200 đồng
1962–1966 1, 20, 50, 100, 500 đồng
1966 100, 200, 500 đồng
1969–1971 20, 50, 100, 200, 500, 1000 đồng
1972 50, 100, 200, 500, 1000 đồng

Second (Liberation) đồng, 1975-1978[edit]

Following the defeat of South Vietnam by North Vietnam, 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. 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.

Coins[edit]

Coins were issued in denominations of 1, 2 and 5 xu. All were holed coins struck in aluminium and were issued in the name of the Ngân-Hàng Việt-Nam (Bank of Vietnam). The 2 xu coin was dated 1975. The 1 and 5 xu were not dated but Krause & Mishler date them to 1976.

Banknotes[edit]

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 notes were dated 1966.

See also[edit]

References[edit]

  1. ^ http://art-hanoi.com/collection/vncoins/1975.html Art-Hanoi.com issue for South Vietnam. Retrieved 2008-03-17.
  2. ^ Krause, Chester L., and Clifford Mishler (1991). Standard Catalog of World Coins: 1801–1991 (18th ed.). Krause Publications. ISBN 0873411501. 
  3. ^ Linzmayer, Owen (2012). "South Vietnam". The Banknote Book. San Francisco, CA: www.BanknoteNews.com. 


External links[edit]

South Vietnamese đồng
Preceded by:
French Indochinese piastre
Location: French Indochina
Reason: independence
Ratio: at par
Note: piastre not used in self-declared North Vietnam since 1946
Currency of South Vietnam
1953 – 1975
Note: transitional notes dual denominated in piastre and đồng were used until 1955
Succeeded by:
Liberation đồng
Reason: capture of Saigon
Ratio: 1 liberation đồng = 500 South đồng
Liberation đồng
Preceded by:
South Vietnamese đồng
Reason: capture of Saigon
Ratio: 1 liberation đồng = 500 South đồng
Currency of South Vietnam
1975 – 1978
Succeeded by:
Vietnamese đồng
Location: Vietnam
Reason: currency unification
Ratio: 1 new đồng = 0.8 liberation đồng