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100 Đồng

Issuer State Bank of Vietnam
Year 1985
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Value 100 Đồng (100 VND)
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Reverse description Central vignette in brown tones illustrates a collective rice-planting scene, with women transplanting seedlings in a flooded paddy field in the foreground and oxen ploughing, a tractor, and an industrial train with factory buildings visible in the background, evoking socialist-era agrarian and industrial progress. An ornate decorative oval cartouche occupies the left margin, while a guilloche rosette with the numeral "100" appears at lower right. The denomination "MỘT TRĂM ĐỒNG" is printed in bold letterpress along the lower border.
Reverse lettering NGÂN HÀNG NHÀ NƯỚC VIỆT NAM
MỘT TRĂM ÐỒNG
(Translation: State Bank of Vietnam, One Hundred Ðồng)
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Vietnam's doi moi economic reforms were formally announced in December 1986, but the monetary pressures that made them necessary were already acute by 1985. This note was issued the same year the government attempted a currency conversion — exchanging old dong for new at a rate of 10:1 — a measure intended to wipe out black-market holdings but which instead accelerated public distrust of the banking system. Inflation was running at several hundred percent annually by mid-decade.

P#98 belongs to the pre-reform series that was rapidly rendered obsolete and withdrawn, keeping surviving uncirculated examples rarer than the quantity printed would suggest.

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