Currency Vietnam, its history, the course and the denomination

Currency Vietnam

To date, the national currency is the Vietnamese dong.On the world market, it is referred to as VND or đ.The cost of dong is very low and amounts to about 22 000 units per dollar.In addition, it is theoretically divided into 100 dong or 10 Su Hao, however, because of the low purchasing power in the back, they do not occur.Currency Vietnam - is a nonconvertible currency, used only inside the country, and subject to strong devaluation.In 2007, the Vietnamese government has launched the latest reform, in which the dong should be weakly dependent on the dollar convertible currency.Today, however, this reform will make a difference to the situation in the country, continuing the trend of constant devaluation of the national banknotes.Currency Vietnam ruble corresponds rate 1 RUB = 643 VND or 1,000 VND = 1,6 RUB, with a tendency of constant decrease dong.Although Russia's currency devaluation is also able to demonstrate, just as we all know, she loves to do it another, unexpected way, without indicating any trends.

Cash Vietnam

Today Vietnamese mainly use paper notes.They are spread throughout the state and is well recognizable population.All bills drawn Vietnamese Revolution leader Ho Chi Minh, and they are available in denominations of 100, 200, 500, 1,000, 2,000, 5,000, 10,000, 20,000, 50,000, 100,000, 200,000 and 500,000 VND.The abundance of zeros on the banknotes due to the fact that the currency of Vietnam very weak in their purchasing power.In addition, there can be used plastic cards Visa, MasterCard and American Express, but the number of ATMs and payment terminals in the country is very limited.In Vietnam it is best to come with cash on hand.

history of Vietnamese money

Modern Vietnam currency is called "New Vietnamese dong."The word "dong" literally means copper or bronze.Ancient Vietnamese use these materials as a unit of exchange, and it has become associated in modern inhabitants of Vietnam with money.Dong they now call any other currency.For example, the ruble and the dollar as the Vietnamese called "dong" only with prefixes that indicate money belonging to a particular state ("RUP" or "do_la").His new story Vietnam Dong began in 1946, in the northern part of the country.South Vietnam, as was part of the colony before 1952 enjoyed piastres French Indochina.The history of this state in the 20th century was filled with a lot of wars for independence from the influence of various empires that all the time Vietnam was divided into two parts, north and south.Also, in the last century it was divided, and the history of its currency to the unification of the state in 1975.But even after the victory of Vietnam and obtain the right to be integrated into a single nation state in the south-east Asia, it has left a large number of enemies that all the time trying to weaken the country than avenged his defeat.That, in turn, explains the weak it is the economic situation and the low exchange rate dong.