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- You Won’T Be Able to Retire on 1 Million Vietnamese đồng.
- Don’T Expect to Use Coins in Vietnam.
- The Same Man Is on Every Banknote.
- Vietnamese Đồng Banknotes Come in Two “Families,” Based on Their material.
- Mix-Ups Are Common.
- Understanding The VND Exchange Rate
Surpassed only by the Iranian Rial, the Vietnamese đồng is the second-lowest-valued currencyin the world. For visitors to Vietnam, this often leads to the surprise that they’re “instant millionaires” upon converting foreign currency into đồng. While that’s technically true, having a million đồng does not make you wealthy. At the time of this writin...
Once travelers get over the new realities of being a millionaire and that not meaning much, the next big surprise usually comes when they go to make a purchase and realize that coins are rarely used in Vietnamese currency. Due to chronic inflation, the Vietnamese government has paused the production of coins at various points, last resuming product...
If you’re used to seeing bills like the United States dollar, New Zealand dollar, Thai baht, or Swiss franc, you’ll expect that every denomination of a national currency is marked by a different historical figure. Yet, this isn’t true for the Vietnam đồng, every denomination of which focuses on the same historical figure. The face on these banknote...
All Vietnamese currency notes belong to one of two “families.” Banknotes of lesser value form the “cotton” family, and the others are the “polymer” family.
When making a purchase with Vietnamese đồng, be careful that you don’t accidentally hand over too many. These banknotes, especially the polymer đồng, can stick together. Another problem for people who use high-denomination notes is that they have trouble getting change. Street vendors in particular often don’t have enough change. In order to avoid ...
To know how much a dollar (or equivalent) would be worth in Vietnamese đồng, you’ll want to ask your bank, check with your money transfer service, or check the Forex chartsfor USD/VND (or your currency of choice). To get a sense of typical exchange rates for Vietnam’s money, take a look at these approximate exchange ratesfrom June of 2022 for the đ...
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The dong ( Vietnamese: đồng, Chữ Nôm: 銅) ( / dɒŋ /; Vietnamese: [ˀɗɜwŋ͡m˨˩]; sign: ₫ or informally đ in Vietnamese; [2] code: VND) has been the currency of Vietnam since 3 May 1978. [3] [4] It is issued by the State Bank of Vietnam. [5] The dong was also the currency of the predecessor states of North Vietnam and South ...
- nghìn (thousand)
- The language(s) of this currency do(es) not have a morphological plural distinction.
- VND (numeric: .mw-parser-output .monospaced{font-family:monospace,monospace}704), 1989–1990: VNC
- ₫/đ
Oct 21, 2023 · The dong has been the sole legal tender in Vietnam since 1978 and is issued by the State Bank of Vietnam. As of October 2023, the Vietnamese dong is the second-lowest valued currency unit in the world, with one United States dollar equaling 24,385 dong. This means that $100 US is equivalent to 2,438,500 VND. From the humble 200 dong note to the ...
Feb 12, 2017 · The dong (đồng) is the currency of Vietnam, and at the time of this post 1 US dollar was equal to 22701.48 Vietnamese dong (VND). The dong has the distinction of being one of the world’s highest denominated currency. The world’s highest denominated banknote (as opposed to the world’s highest-value notes) is the 500,000 dong note.
Mar 25, 2024 · The VND (Vietnamese đồng) is more than a mere unit of currency; it embodies Vietnam’s economic history, resilience, and growth. Managed by the State Bank of Vietnam, the đồng has weathered economic challenges, making it a unique player in the global currency market. As of June 26, 2023, 1 USD equals 23,537.722129 VND.
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