South Vietnamese đồng

Infobox Currency
currency_name_in_local = đồng Việt Nam Cộng Hòa vi icon
image_1 = 100South Vietmanese đồng1966f.jpg
image_title_1 = 100 đồng 1966 front
image_2 = 100South Vietmanese đồng1966b.jpg
image_title_2 = 100 đồng 1966 back
using_countries = flag|South Vietnam
subunit_ratio_1 = 1/100
subunit_name_1 = xu or su
symbol = Đ.
used_coins = 10, 20, 50 xu [http://art-hanoi.com/collection/vncoins/1975.html Art-Hanoi.com issue for South Vietnam Accessed 2008/03/17] , 1, 5, 10, 20 đồng
used_banknotes = 1, 5, 10, 20, 50, 100, 200, 500, 1000 đồng
issuing_authority = National Bank of Vietnam
obsolete_notice = YThe đồng was the currency of the Republic of Vietnam (South Vietnam) from 1953 to 2 May, 1978. It was subdivided into 100 "xu", also written "su".

First đồng, 1953-1975

History

In 1953, the Vietnam branch of the "Institut d'Emission des Etats du Cambodge, du Laos et du Vietnam" issued notes dual denominated in piastre and đồng. At the same time, the two other branches of the Bank made similar issues with the riel in Cambodia and the kip in Laos. The đồng circulated in those parts of Vietnam not under the control of the Communist forces, restricted to South Vietnam. Coins denominated in su were also introduced in 1953. In 1955, a truly independent issue of đồng banknotes was produced by the National Bank of Vietnam.

Coins

In 1953, 10, 20 and 50 su coins were introduced. In 1960, 1 đồng were added, followed by 10 đồng in 1964, 5 đồng in 1966 and 20 đồng in 1968. 50 đồng were minted dated 1975 but were not released for circulation due to the fall of the South Vietnamese government. It is reported that all but a few examples were "disposed of as scrap metal" [numis cite SCWC|date=1991] and the coin is very rare. The coins issued can be roughly classified into five series:

econd (Liberation) đồng, 1975-1978

Following the defeat of South Vietnam by North Vietnam, the first đồng was replaced by a new currency, known as the "liberation đồng", at a rate of 1 liberation đồng = 500 first đồng on 22 September, 1975. The liberation đồng circulated until 2 May, 1978, when the two Vietnamese states merged and the liberation đồng was replaced by the new Vietnamese đồng at a rate of 1 new đồng = 0.8 liberation đồng.

Coins

Coins were issued in denominations of 1, 2 and 5 xu. All were holed coins struck in aluminium and were issued in the name of the "Ngân-Hâng Viêt-Nam" (Bank of Vietnam). The 2 xu coin was dated 1975. The 1 and 5 xu were not dated but Krause & Mishler date them to 1976.

Banknotes

The "Ngân-Hâng Viêt-Nam" (Bank of Vietnam) issued notes in denominations of 10, 20 and 50 xu, 1, 2, 5, 10 and 50 đồng. The notes were dated 1966.

ee also

*North Vietnamese đồng

References

*numis cite SCWPM|date=1994
*numis cite SCWPM|date=1960.8

External links

Standard numismatics external links
world_coin_gallery_1_url = Vietnam
world_coin_gallery_1_name = State of South Viet Nam
banknote_world_1_url = vietnam_south
banknote_world_1_name = Vietnam - South
dollarization_1_url = asia
dollarization_1_name = Asia
gfd_1_url = Viet_Nam
gfd_1_name = Viet Nam
gfd_data_1_url = 6154
gfd_data_1_name = Viet Nam Dong
show_gfd_excel = Y
* [http://art-hanoi.com/collection/vncoins/south.html Art-Hanoi - Coins of South Vietnam]
* [http://art-hanoi.com/collection/vnpaper/south.html Art-Hanoi - Paper Money of South Vietnam]
* [http://art-hanoi.com/library/rates Saigon Black Market Exchange Rates 1955-1975]