Currency Rates for Vietnamese Dong
Bank Exchange Rates for Vietnam - VND - Vietnamese Dong - ₫. The foreign exchange rates for Vietnam also known as the ISO code VND or the Vietnamese Dong currency and as a symbol ₫.,
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Dong history can be traced back to the year 1945 when Vietnam gained its independence from French colony which lead to the establishment of the new state. Since then, in both materials and designs, the national currency has gone through many alterations.
Back in the year 1945, the Vietnam cash has got one side embedded with Uncle Ho image and also the polityâ€™s name; Democratic Republic of Vietnam, in Vietnamese and the agriculture symbol on another side, military and industry. The type of cash was commonly known as financial cash or "Uncle Ho Cash".
However, after the Foundation of the National Bank of Vietnam in 1951, the Vietnam Dong was re-evaluated and re-designed. There was the circulation of the 100, 200, 500, 1000 and also 2000 bank note without any coins.
During the Vietnam Warfare in 1954 to1975, the government also carried out the publication of its own cash along with the issued note in the South, the North, but indeed after the Reunification in the year 1975, the integrated cash referred to as "Liberation Cash" replaced it. From then, to the year 1985, 2 more currency modifications have been there in Vietnam that headed the generation of the todayâ€™s current Vietnam Dong.
Moreover, it can be clearly said that the Vietnam Dong has significantly re-evaluated its value, compared to when Vietnam Dong was first published, and this has reflected the impact of the currency policy and the global economy that the Vietnamese government pursued.
In the year 1985, for example, if you had 1VND in your pocket, you could be able to buy several things or even prepare a heavy and hearty meal, as compared to the present days whereby you can hardly buy anything with 1,000 VND that is in your pocket, and there has been gradual disappearance of some note such as 200 VND and 100 VND.
Since then, five banknote series have appeared, with the exception of the current series dated 2003. All confused the user and lacked a unified coordination and theme in their designs.
In the year 2003, Vietnam began to replace its cotton banknotes with the plastic polymer banknotes and claimed that it would lead to the reduction of the printing cost. Several newspapers in Vietnam criticised the changes of the same, citing mistakes in the printing and alleged that the governorâ€™s son of State Bank of Vietnam did benefit from the printing contracts.
The government banned two newspapers from publishing for one month in order to clamp down on these criticisms, considering the other sanctions that were there against other newspapers.
Banknotes in denominations of 100, 200, 500, 1000, 2000, 5000, 10,000, 20,000, 50,000, 100,000, 200,000 and 500,000 are in circulation, with the 200, 500, 1,000, 2,000 and 5,000 being old-issue notes, which are still used.
Send Money Transfer to Vietnam. Coins are available in denominations of 200₫, 500₫, 1000₫ and2000₫, a 5000 dong coin was issued but is no longer used.
The dong was introduced in 1978, it has previously subdivided into hao and xu, but now has no subdivisions. The dong has been revalued twice, at a rate of 100:1 in 1951, and at a rate of 1000:1 in 1958. Bank Exchange Rates for Vietnamese Dong. The foreign exchange rates for Angola also known as the ISO code VND. Send money transfer online with us with the cheapest options.