Vietnamese Dong (VND) Profile
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Vietnamese dong users
The Vietnamese dong is the currency of Vietnam (officially the Socialist Republic of Vietnam) which is a Southeast Asia country and locates on the easternmost of Indochina Peninsula.
Vietnam declared independence from France on September 2, 1945 and reunified as the modern-day Socialist Republic of Vietnam on July 2, 1976.
Vietnamese dong history
The currently circulating Vietnamese dong (currency code: VND) was introduced on September 14, 1985 which was revalued based on old Vietnamese dong at a rate of 1 new dong (VND) = 10 old dong.
The old Vietnamese dong was introduced on May 3, 1978 after the Vietnam was unified. It replaced the Northern dong at par and Southern “liberation” dong at 1 VND= 0.8 Southern “liberation” dong. Previously, the Southern “liberation” dong was introduced and replaced the old Southern dong at 1 Southern “liberation” dong = 500 old Southern dong.
Before the currencies of Northern dong and old Southern dong were introduced, Vietnam used French Indochinese piaster between 1885 and 1952.
The exchange rate of Vietnamese dong to the euro is 1 EUR= 27411.905 VND as date of February 27, 2013 (currency7.com).
Vietnamese dong coins and banknotes
The Vietnamese dong is subdivided into 10 hao and 100 xu, although both subunits have not been used for years.
Currently being circulated coins are in denominations of 200, 500, 1000, 2000, 5000 dong, and banknotes are in denominations of 100, 200, 500, 1000, 2000, 5000, 10000, 20000, 50000, 100000, 200000, 500000 dong.