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20 Ðồng

Issuer National Treasury of Vietnam
Year 1946
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Composition Paper
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Obverse description Printed in dark red and gold, the obverse carries a facing portrait vignette of Hồ Chí Minh at left, with a phoenix vignette to the right. Two facsimile signatures appear below the portrait, identifying the Minister of Finance and the Director of the Central Treasury. The denomination is rendered in Vietnamese, Chinese, and Lao script within an ornamental border framework.
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Reverse description Also in dark red and gold with black serial numbers, the reverse presents a central vignette of a water buffalo alongside figures representing various professions. A warning text against forgery or destruction of government notes occupies the left panel, while the denomination in Khmer script appears to the right. The serial number, divided into two groups each composed of two letters and three digits, is printed at the bottom within an ornamental guilloche border.
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Comments

P#6 is one of the earliest notes issued by the Democratic Republic of Vietnam following the August Revolution of 1945, when the newly formed government needed a functioning currency almost immediately and had almost no printing infrastructure to produce it. The notes were printed under extremely difficult conditions, with supply and quality varying considerably across print runs — plate registration problems and ink inconsistencies are common throughout the series, and should not be mistaken for forgeries.

Ho Chi Minh signed the decree authorizing this currency on 31 January 1946. French colonial piastres remained in parallel circulation for months, and public adoption was slow in the south.

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