Vietnamese dong
1 EUR = 29,225 VND 10,000 VND = 0.34217 EUR
1 CHF = 23,951 VND 10,000 VND = 0.41751 CHF
The Dong ( ₫, IPA: Don ) since May 3, 1978, the official currency of Vietnam. It is issued by the Vietnam State Bank.
In international payments it is abbreviated VND. 1 Dong is divided into 10 or 100 Hào Xu. Because of their low value coins are not in circulation, the smallest banknote in circulation is the 200 Dong note ( equivalent to about 0.7 cents).
- 3.1 First Dong
- 3.2 Second Dong 3.2.1 Coins
- 3.2.2 Issue of 2003
- 5.1 First Dong
- 5.2 Second Dong
Origin of the name
In the Vietnamese language, the name Dong is also an expression of copper. This is because the coins were minted prior to colonization by the French, made of copper. When Vietnam was part of French Indochina, was of French Indochina piastres as the standard currency of the colonial territory. The Vietnamese text on this currency called them Đồng or, less commonly, as Bac ( " Silver ").
History
North and South Vietnam
In 1946, the North Vietnamese government introduced its own currency, the Dong, which was set equal to the piastres. It was followed by a re-evaluation in 1951, in which the Dong against the piaster was fixed at an exchange ratio of 100:1 and 1958, a ratio of 1000:1 possessed.
In 1953, the piastres and the Dong was equally spent on the area of the South Vietnamese government. On September 22, 1975, after the fall of Saigon, was a new, " liberation " ( "liberation" ) in southern Vietnam Dong equated with 500 old South Vietnamese Dong.
Vereintes Vietnam
After the reunification of Vietnam Dong on May 3, 1978, an exchange rate of a new North Vietnamese Dong Dong = 1 = 0.8 South Vietnamese " liberation " Dong has been set.
On September 14, 1985, the Dong was finally re-evaluated and determined a ratio of one to ten new old Dong. This was the beginning of a long-lasting inflation that persisted until the late 1990s.
First Dong
In 1978, aluminum coins (mintage 1976) in the denominations of 1, 2 and 5 Hào and 1 Dong were introduced. Due to the ongoing inflation but no more coins were put into circulation in a row for many years.
Second Dong
Commemorative Coins
Commemorative coins made of copper, bronze, copper - nickel, silver and gold are issued since 1986 to today. However, this never came into free circulation.
2003 edition
The State Bank of Vietnam began on 17 December 2003 back to the issuance of coins. The new coins that were minted in the Mint of Finland, were issued with face values of 200, 500, 1000, 2000 and 5000 Dong. Previously, you had to replace a switch officials banknotes for tokens before goods could be taken from a vending machine. Many residents of Vietnam were very surprised to get after such a long time coins face and expressed the same concern about the availability of 200 - Dong coins.
Course development
Bills
First Dong
In 1978, the State Bank of Vietnam ( Việt Nam Ngan hang Nha nước ) gave banknotes with a face value of 5 Hào, 1, 5, 10, 20 and 50 Dong with the dates 1976. 1980 notes were added to 2 and 10 Dong, by 30 - and 100 - were supplemented Dong bills in 1981.
Second Dong
In 1985, the new Dong with certificates with a nominal value of 5 Hào, 1, 2, 5, 10, 20, 30, 50, 100 and 500 Dong was released. After inflation stopped, followed in 1987, bills to 200, 1000, 2000 and 5000 Đồng, then 10,000 and 50,000 Dong in 1990, 20,000 Dong 1991, 100,000 Dong 1994, 2003 and finally 200,000 500,000 Dong Dong in 2006.
Overall, there have been five banknote series. Except for the series from 2003, all certificates previously issued more or less were confusing and had no consistent thematic design.
On 7 June 2007, the government ordered the termination of the output of 50,000 and 100,000 dong bills of cotton. These were taken out of circulation since 1 September 2007. Instead, the bills have since been printed on polymer.
A commemorative touch to 50 Đồng of polymer because it was released to commemorate 50 years of Vietnamese State Bank in 2001. However, their nominal value was so low that it was interesting for collectors only. The bill was usually supplied in a display folder.
Other terms of use Đồng
In Vietnamese Dong language is used as a uniform term for any currency. For the specific labeling of the currency denomination is then added to the country's name. This practice is more common for more and more units of currency. In some Vietnamese communities that live for example in overseas territories outside the country, even the term as a designation of the local national currency ( eg USD ) is used, while denotes the VND as đồng Việt Nam ( Vietnamese Dong ). In the same way we speak of Hào and Xu, if you " dime " (10 cent piece ) and "cent " means.
At the present time, since the value of the currency is very low, the indication may be understood by a Đồng well as a thousand Dong.
The 1/100-Đồng-Einheit, Xu, is one of the shortest terms that include the letter X, which is for example in the board game Scrabble important.
After the revaluation of the Zimbabwean dollar on 1 August 2006, the Dong was for some months the currency with the lowest value. To 21 March 2007 around the Zimbabwe Dollar conquered these doubtful foremost rank back ( in reference to the black market value) and on September 7, 2007, at the official exchange rate. Since the re- revaluation of the Zimbabwean currency on 1 August 2008, the Dong is again the currency with the lowest value.