50 Ðồng

The National Bank of Vietnam was established by decree in May 1951 as part of the Associated State of Vietnam's effort to replace the Indochinese piastre with a distinctly Vietnamese currency — the đồng. This note belongs to that inaugural emission, the first series issued under the new institution's authority rather than the Banque de l'Indochine, which had controlled currency in the region since 1875.

Thomas De La Rue printed the series in London. The "Printed: 30.04.1945" date in the catalog data is almost certainly a data entry error — the bank did not exist until 1951.