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 đồng.
In 1955, the National Bank of Vietnam (Ngân-Hàng Quốc-Gia Việt-Nam) took over the issuance of paper money, introducing 2 and 500 đồng notes in 1955, and 20 and 50 đồng in 1956.
Between 1964 and 1968, notes below 50 đồng were replaced by coins.
In 1971, 1000 đồng notes were introduced.
Due to steady inflation, 5000 and 10,000 đồng notes were printed in 1975 but never issued.
The Vietnamese economy toward the end of the Republic (1955-1975) was spiraling downward quickly. Inflation was steady. To put into perspective, in 1975, an executive secretary in a large private bank would make about VND 50,000 a month.
One Dong (Five Versions)
Two Dongs (One Version)
Five Dongs (Two Versions)
Ten Dongs (One Version)
Twenty Dongs (Four Versions)
Fifty Dongs (Five Versions)
One Hundred Dongs (Six Versions)
Two Hundred Dongs (Five Versions)
Five Hundred Dongs (Six Versions)
One Thousand Dongs (Four Versions)
(Authencity Unknown)
Five Thousand Dongs (One Version)
Printed but not circulated
Ten Thousand Dongs (Two Versions)
Printed but not circulated
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