![]() In 1985, the Vietnamese government issued new units of currency with the following denominations: 5 hao, 1, 2, 5, 10, 20, 30, 50, and 100 dong. Following that, an inflationary cycle occurred that lasted until approximately the middle of the 1990s. Following a revaluation that took place on September 14, 1985, the value of one old dong was equivalent to ten new dongs. In South Vietnam, one new dong was equal to an exchange rate of 0.80 old dong. Following the reunification of Vietnam on May 3, 1978, the dong was adopted as the country's sole currency. On September 22, 1975, after Saigon had been overthrown, South Vietnam began using the new dong as their currency. ![]() South Vietnam began issuing banknotes in the form of piastras and dongs in the year 1953. After then, there were two additional reevaluations carried out, one in 1951 and the other in 1958. This currency was initially established by the government of North Vietnam in 1946 to take the place of the French Indochina piastra. The Vietnamese dong made its way into the country in stages, first making its way to the Northern Region and then later making its way to the Southern Region. You can keep an eye on the live dong value. The current rate of dong is INR (0.0035 □). The Vietnamese dong ultimately succeeded the French Indochinese piastre as the official unit of currency for North Vietnam and the territory of South Vietnam. It was initially conceived upon and developed by the State Bank of Vietnam. Since May 3, 1978, the Vietnamese government has used the dong as the country's official currency. ![]() The 5,000 to 1,00,000 dong notes feature the image of Ho Chi Minh on the obverse side.
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