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Numismatics Channel | 500 South Vietnamese Dong Banknote (Five Hundred Dong South Vietnam: 1972) Obverse & Reverse @helsinkiphoto | Uploaded 7 years ago | Updated 3 days ago
500 South Vietnamese Dong Banknote (Five Hundred Dong South Vietnam: 1972) Obverse & Reverse.
ng Vit Nam Cng Ha - Republic of Vietnam Dong (South Vietnam).
500 South Vietnamese ng (Nm Trm ng) 1972 - South Viet Nam - Republic of Vietnam. The ng () was the currency of the Republic of Vietnam (South Vietnam) from 1953 to May 2, 1978. It was subdivided into 100 xu, also written su.
South Vietnam Banknotes Pick-33
Obverse: Palace
Reverse: Tiger.
South Vietnamese Currency - Value 500 .
Original Size: 152 x 76 mm.
Color: Orange-Green.
Security Features: Watermark
Symbol:
Issued: 1972.
Banknotes denominations from 1972 series: 50, 100, 200, 500, 1000 ng.
Issued by: Central bank - National Bank of Vietnam (Ngn-Hng Quc-Gia Vit-Nam)
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History: In 1953, notes (dated 1952) were introduced by the Institut d'Emission des Etats du Cambodge, du Laos et du Vietnam in denominations of 1, 5, 10, 100 and 200 ng. On 22 September 1955, the Ministry of Finance and Economic Affairs announced that notes from the Bank of Indochina and the Institut dEmission issues for Cambodia and Laos would be exchanged for Institut dEmission issues for Vietnam starting 30 September until 7 November. The Institut issues for Cambodia and Laos ceased to be legal tender on 7 October, and all Bank of Indochina notes lost their legal tender status on 31 October following the 15 October introduction of the first notes from the National Bank of Vietnam. Subsequently, the Ngn-Hng Quc-Gia Vit-Nam (National Bank of Vietnam) took over the issuance of paper money, introducing 2 and 500 ng notes in 1955 and 20 and 50 ng in 1956. Between 1964 and 1968, notes below 50 ng were replaced by coins. In 1971, 1000 ng notes were introduced. Due to steady inflation, 5000 and 10,000 ng notes were printed in 1975 but not issued due to the communist victory.
On September 22, 1975, after the fall of Saigon, the currency in South Vietnam was changed to a "liberation ong" worth 500 old Southern ng.
After Vietnam was reunified, the ng was also unified, on May 3, 1978. One new ng equalled one Northern ng or 0.8 Southern "liberation" ng. On September 14, 1985, the ng was revalued, with the new ng worth 10 old ng. This started a cycle of chronic inflation that continued through much of the early 1990s.
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500 South Vietnamese Dong Banknote (Five Hundred Dong South Vietnam: 1972) Obverse & Reverse @helsinkiphoto