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200 Ðồng

Issuer National Bank of Vietnam
Year 1955
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Currency Southern đồng (1953-1975)
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Obverse lettering Ngân-Hàng Quốc-Gia Việt-Nam
Hai Trăm Đồng
Thủ-Quỹ Trung-Ương
Tổng-Kiểm-Tra
Việt-Nam
(Translation: National Bank of Vietnam / Two Hundred Đồng / Central Treasurer / Inspector General / Vietnam)
Reverse description The central vignette presents a figure carrying large bundles of harvested rice sheaves in an open paddy field, rendered in fine intaglio engraving with detailed cross-hatching. Elaborate guilloche panels flank the scene on both sides, and the denomination HAI TRĂM ĐỒNG appears in a solid panel at the lower centre, with VIỆT-NAM inscribed in a banner at the top. A legal warning inscription in Vietnamese runs along the lower portion of the note, and the printer's imprint SECURITY BANKNOTE COMPANY is present at the bottom margin.
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Comments

The National Bank of Vietnam was established in 1951, and this 1955 issue belongs to the early years of the southern state's attempt to build independent monetary infrastructure following the Geneva Accords. The SBNC contract is consistent with a broader pattern — several young postcolonial governments turned to American security printers during this period as French banking relationships dissolved.

The question mark against the SBNC attribution in standard references reflects genuine uncertainty; the printer's own records from this era are incomplete, and the Philadelphia origin is inferred from stylistic and paper analysis rather than confirmed documentation.

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