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200 Ðồng

Issuer National Bank of Vietnam
Year 1970
Type Standard circulation banknote
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Obverse lettering NGÂN-HÀNG QUỐC-GIA VIỆT-NAM
HAI TRĂM ĐỒNG
TỒNG KIỂM-SOÁT
THỐNG ĐỐC
(Translation: National Bank of Vietnam / Two Hundred Đồng / General Controller / Governor)
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Reverse lettering NGÂN-HÀNG QUỐC-GIA VIỆT-NAM
HAI TRĂM ĐỒNG
HÌNH LUẬT PHẠT KHỔ-SAI NHỮNG KẺ NÀO GIẢ-MẠO GIẤY BẠC DO NGÂN-HÀNG QUỐC-GIA VIỆT-NAM PHÁT RA
(Translation: National Bank of Vietnam / Two Hundred Đồng / The law provides for hard labour punishment for those who counterfeit banknotes issued by the National Bank of Vietnam)
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Comments

P#27 was issued by the National Bank of South Vietnam during a period when the piaster-denominated economy was under severe pressure from wartime inflation — the 200 đồng denomination was a relatively high-value note at issue but lost purchasing power rapidly through the early 1970s. Thomas De La Rue's involvement was consistent with South Vietnam's reliance on British and American security printers throughout the republic's existence; the note carries a watermark as its primary anti-counterfeiting measure, modest by De La Rue's own capabilities but standard for the series.

The 1972 monetary pressures would eventually push denominations far higher. This note predates that spiral by two years.

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