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Vietnam - P-124 - 2019 dated 500,000 Vietnamese Dong Polymer Note - Extremely Popular Foreign Paper Money

Inv# FM1746B   Foreign Paper Money
Country: Vietnam
Years: 2019
Color: Turqoise

500,000 Dong. P-124o Polymer Note. The Dong has been the currency of Vietnam since 3 May 1978. It is issued by the State Bank of Vietnam. The Dong was also the currency of the predecessor states of North Vietnam and South Vietnam, having replaced the previously used French Indochinese piastre. Formerly, it was subdivided into 10 hào, which were further subdivided into 10 xu, neither of which are now used. The Vietnamese Dong has increasingly moved towards exclusively using banknotes; as of 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. The Vietnamese Dong is currently the third weakest circulating currency as of May 2021 (behind Venezuelan bolivar and Iranian rial), with one United States dollar equalling 23112.04 Dong. After Vietnam was reunified, the Dong was also unified, on 3 May 1978. One new Dong equalled one Northern Dong or 0.8 Southern "liberation" Dong. On 14 September 1985, the Dong was revalued, with the new Dong worth 10 old Dong. This started a cycle of chronic inflation that continued through much of the early 1990s. Read more at

Condition: C.U.
Item ordered may not be exact piece shown. All original and authentic.
Price: $76.00