The đồng (Chữ Nôm: 銅; Chữ Hán: 元, nguyên)[a] (/ˈdɒŋ/; Vietnamese:[ɗôŋm]) was the currency of North Vietnam from 3 November 1946 to 2 May 1978. It was subdivided into 10 hào, each itself divided into 10 xu.
The first đồng issued by the communists controlling northern Vietnam was introduced on January 31, 1946, and replaced the French Indochinese piastre at par. Two revaluations followed. In 1951, the second đồng was introduced at a rate of 1 1951 đồng = 100 1946 đồng. However, some sources say there were two consecutive revaluations in 1951 and 1953, each with factor of 10. In 1954, this became the currency of the newly recognized state of North Vietnam, with an exchange rate to the still circulating piastre and South Vietnamese đồng of 32 northern đồng = 1 piastre or southern đồng. In 1956, the đồng was pegged to the Chinese renminbi yuan at a rate of 1.47 đồng = 1 yuan.
On 28 February 1959, another đồng replaced the second at a rate of 1 1959 đồng = 1000 1951 đồng. An exchange rate with the Soviet rouble was established in 1961, with 3.27 đồng = 1 rouble. On May 3, 1978, following the unification of Vietnam, the đồng was also unified. 1 new đồng = 1 northern đồng = 0.8 southern "liberation" đồng.
Coinsedit
1946 đồngedit
In 1946, aluminium 20 xu, 5 hào and 1 đồng and bronze 2 đồng were issued, with the 20 xu coins dated 1945. These were the only coins issued for this currency, with no coins at all issued for the 1951 đồng.
An emblem similar in design to the coat of arms of North Vietnam; Nước Việt Nam Dân Chú Cộng Hòa
Ngân Hàng Quốc Gia Việt Nam; denomination; date
2 xu
Aluminium
emblem similar in design to the coat of arms of North Vietnam; Nước Việt Nam Dân Chú Cộng Hòa
Ngân Hàng Quốc Gia Việt Nam; denomination; date
5 xu
Aluminium
emblem similar in design to the coat of arms of North Vietnam; Nước Việt Nam Dân Chú Cộng Hòa
Ngân Hàng Quốc Gia Việt Nam; denomination; date
Banknotesedit
1946 đồngedit
20 Dong, 19465 Dong, 1947100 Dong, 1948
The government (Việt Nam Dân Chủ Cộng Hòa) issued two forms of paper money for this currency, "Vietnamese banknotes" (Giấy Bạc Việt Nam) and "Credit notes" (Tín Phiếu). In 1946, banknotes were introduced in denominations of 20 and 50 xu, 1, 5, 20, 50, 100 đồng, together with credit notes for 1 đồng. These were followed in 1948 by banknotes for 10 đồng and credit notes for 20 đồng, in 1949 by 500 đồng banknotes and 5 and 50 đồng credit notes, and in 1950 by 200 đồng banknotes and 100, 500 and 1000 đồng credit notes.
1951 đồngedit
In 1951, the National Bank of Vietnam (Ngân hàng quốc gia Việt Nam) introduced notes for 20, 50, 100, 200, 500 and 1000 đồng, with 5000 đồng notes added in 1953. These were the only circulating currency between 1951 and 1958.
1959 đồngedit
In 1958, the National Bank introduced notes for 1 xu, 1, 2 and 5 hào, 1, 2, 5 and 10 đồng, with the 1 xu notes an overprint on an earlier, unissued type of 10 đồng note. In 1964, the State Bank of Vietnam (Ngân hàng Nhà nước Việt Nam) introduced 2 xu notes, followed by 5 xu, 1 and 2 hào in 1975.
^Chữ Hán appeared on North Vietnamese banknotes that were issued until 1953. The term nguyên (元) was used for the Hán inscriptions, while đồng (銅) was used in Latin script as the name for the currency. Also note that in Chinese languages the đồng is called the "北越盾" (Bắc Việt thuẫn, "Northern Việt shield"), because of the similarity in pronunciation between the Vietnamese "銅" and Chinese "盾".
Succeeded by: 1951 đồng Reason: inflation Ratio: 1 1951 đồng = 100 1946 đồng Note: some sources say there were 2 consecutive revaluations in 1951 and 1953, each with factor of 10
1951 đồng
Preceded by: 1946 đồng Reason: inflation Ratio: 1 1951 đồng = 100 1946 đồng Note: some sources say there were 2 consecutive revaluations in 1951 and 1953, each with factor of 10
Succeeded by: Vietnamese đồng Location:Vietnam Reason: currency unification Ratio: at par
^"Sapeque and Sapeque-Like Coins in Cochinchina and Indochina (交趾支那和印度支那穿孔錢幣)". Howard A. Daniel III (The Journal of East Asian Numismatics – Second issue). 20 April 2016. Retrieved 10 December 2017.
April 10, 2024
north, vietnamese, đồng, đồng, chữ, nôm, chữ, hán, nguyên, vietnamese, ɗôŋm, currency, north, vietnam, from, november, 1946, 1978, subdivided, into, hào, each, itself, divided, into, đồng, việt, dân, chủ, cộng, hòa, vietnamese, 5000, dong, 195310, dong, 1958un. The đồng Chữ Nom 銅 Chữ Han 元 nguyen a ˈ d ɒ ŋ Vietnamese ɗoŋm was the currency of North Vietnam from 3 November 1946 to 2 May 1978 It was subdivided into 10 hao each itself divided into 10 xu North Vietnamese đồngđồng Việt Nam Dan Chủ Cộng Hoa Vietnamese 5000 Dong 195310 Dong 1958UnitSymbol DenominationsSubunit 1 10hao 1 100xuBanknotes2 5 xu 1 2 5 hao 1 2 5 10 đồngCoins1 2 5 xuDemographicsUser s North Vietnam Vietnam until 1978 IssuanceCentral bankNational Bank of Vietnam and State Bank of Vietnam Websitewww wbr sbv wbr gov wbr vnThis infobox shows the latest status before this currency was rendered obsolete Contents 1 History 2 Coins 2 1 1946 đồng 2 2 1958 đồng 3 Banknotes 3 1 1946 đồng 3 2 1951 đồng 3 3 1959 đồng 4 See also 5 Gallery 6 Notes 7 References 8 External linksHistory editThe first đồng issued by the communists controlling northern Vietnam was introduced on January 31 1946 and replaced the French Indochinese piastre at par Two revaluations followed In 1951 the second đồng was introduced at a rate of 1 1951 đồng 100 1946 đồng However some sources say there were two consecutive revaluations in 1951 and 1953 each with factor of 10 In 1954 this became the currency of the newly recognized state of North Vietnam with an exchange rate to the still circulating piastre and South Vietnamese đồng of 32 northern đồng 1 piastre or southern đồng In 1956 the đồng was pegged to the Chinese renminbi yuan at a rate of 1 47 đồng 1 yuan On 28 February 1959 another đồng replaced the second at a rate of 1 1959 đồng 1000 1951 đồng An exchange rate with the Soviet rouble was established in 1961 with 3 27 đồng 1 rouble On May 3 1978 following the unification of Vietnam the đồng was also unified 1 new đồng 1 northern đồng 0 8 southern liberation đồng Coins edit1946 đồng edit In 1946 aluminium 20 xu 5 hao and 1 đồng and bronze 2 đồng were issued with the 20 xu coins dated 1945 These were the only coins issued for this currency with no coins at all issued for the 1951 đồng Coins of the North Vietnamese đồng 1946 issueObverse Reverse Denomination Composition Obverse Reverse nbsp nbsp 20 xu aluminium Star Denomination nbsp nbsp 5 hao aluminium Ceremonial urn Denomination nbsp nbsp 5 hao aluminium Ceremonial urn Denomination nbsp nbsp 1 đồng aluminium Hồ Chi Minh Denomination nbsp nbsp 2 đồng bronze Hồ Chi Minh Star denomination1958 đồng edit In 1958 holed aluminium coins in denominations of 1 2 and 5 xu were introduced These were the only coins issued in this currency Coins of the North Vietnamese đồng 1958 issueObverse Reverse Denomination Composition Obverse Reverse nbsp nbsp 1 xu Aluminium An emblem similar in design to the coat of arms of North Vietnam Nước Việt Nam Dan Chu Cộng Hoa Ngan Hang Quốc Gia Việt Nam denomination date nbsp nbsp 2 xu Aluminium emblem similar in design to the coat of arms of North Vietnam Nước Việt Nam Dan Chu Cộng Hoa Ngan Hang Quốc Gia Việt Nam denomination date nbsp nbsp 5 xu Aluminium emblem similar in design to the coat of arms of North Vietnam Nước Việt Nam Dan Chu Cộng Hoa Ngan Hang Quốc Gia Việt Nam denomination dateBanknotes edit1946 đồng edit nbsp 20 Dong 1946 nbsp 5 Dong 1947 nbsp 100 Dong 1948The government Việt Nam Dan Chủ Cộng Hoa issued two forms of paper money for this currency Vietnamese banknotes Giấy Bạc Việt Nam and Credit notes Tin Phiếu In 1946 banknotes were introduced in denominations of 20 and 50 xu 1 5 20 50 100 đồng together with credit notes for 1 đồng These were followed in 1948 by banknotes for 10 đồng and credit notes for 20 đồng in 1949 by 500 đồng banknotes and 5 and 50 đồng credit notes and in 1950 by 200 đồng banknotes and 100 500 and 1000 đồng credit notes 1951 đồng edit In 1951 the National Bank of Vietnam Ngan hang quốc gia Việt Nam introduced notes for 20 50 100 200 500 and 1000 đồng with 5000 đồng notes added in 1953 These were the only circulating currency between 1951 and 1958 1959 đồng edit In 1958 the National Bank introduced notes for 1 xu 1 2 and 5 hao 1 2 5 and 10 đồng with the 1 xu notes an overprint on an earlier unissued type of 10 đồng note In 1964 the State Bank of Vietnam Ngan hang Nha nước Việt Nam introduced 2 xu notes followed by 5 xu 1 and 2 hao in 1975 See also editSouth Vietnamese đồng Economy of Vietnam nbsp Money portal nbsp Numismatics portalGallery edit nbsp 10 Dong 1951 obverse nbsp 10 Dong 1951 reverse nbsp 500 Dong 1951 obverse nbsp 500 Dong 1951 reverse nbsp 1000 Dong 1951 obverse nbsp 1000 Dong 1951 reverse nbsp 1 Dong 1958 obverse nbsp 1 Dong 1958 reverse nbsp 10 Dong 1958 obverse nbsp 10 Dong 1958 reverseNotes edit Chữ Han appeared on North Vietnamese banknotes that were issued until 1953 The term nguyen 元 was used for the Han inscriptions while đồng 銅 was used in Latin script as the name for the currency Also note that in Chinese languages the đồng is called the 北越盾 Bắc Việt thuẫn Northern Việt shield because of the similarity in pronunciation between the Vietnamese 銅 and Chinese 盾 References editHoward A Daniel III 1995 Democratic Republic of Vietnam Coins and Currency ISBN 1 879951 03 7 self published source 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 edit nbsp Wikimedia Commons has media related to Banknotes of North Vietnam 1951 Issue Collection Banknotes of Vietnam and the World Coins and Banknotes of Vietnam and French Indochina1946 đồng Preceded by French Indochinese piastre Vietnamese cash 1 Location French IndochinaReason independenceRatio at par piastre 20 văn 1 đồng cash Currency of North Vietnam 1946 1951 Succeeded by 1951 đồngReason inflationRatio 1 1951 đồng 100 1946 đồngNote some sources say there were 2 consecutive revaluations in 1951 and 1953 each with factor of 101951 đồng Preceded by 1946 đồngReason inflationRatio 1 1951 đồng 100 1946 đồngNote some sources say there were 2 consecutive revaluations in 1951 and 1953 each with factor of 10 Currency of North Vietnam 1951 1959 Succeeded by 1959 đồngReason inflationRatio 1 1959 đồng 1000 1951 đồng1959 đồng Preceded by 1951 đồngReason inflationRatio 1 1959 đồng 1000 1951 đồng Currency of North Vietnam until 1976 Northern Vietnam from 1976 1959 1978 Succeeded by Vietnamese đồngLocation VietnamReason currency unificationRatio at par Sapeque and Sapeque Like Coins in Cochinchina and Indochina 交趾支那和印度支那穿孔錢幣 Howard A Daniel III The Journal of East Asian Numismatics Second issue 20 April 2016 Retrieved 10 December 2017 Retrieved from https en wikipedia org w index php title North Vietnamese đồng amp oldid 1163917442, wikipedia, wiki, book, books, library,
