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50 Ðồng

Issuer National Bank of Vietnam
Year 1952
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Reference(s) P#39
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Obverse lettering VIỆT-NAM DÂN-CHỦ CỘNG-HÒA
NĂM MƯƠI ĐỒNG
CHỦ TỊCH HỒ CHÍ MINH
THEO SẮC LỆNH CỦA CHÍNH PHỦ VIỆT NAM KẺ NÀO LÀM GIẢ HOẶC CÓ HÀNH ĐỘNG HỦY HOẠI TỜ GIẤY BẠC CỦA CHÍNH PHỦ SẼ BỊ TRỪNG TRỊ THEO QUÂN PHÁP
ĐẠI DIỆN BỘ TRƯỞNG BỘ TÀI CHÍNH
CHỦ TỊCH ỦY BAN N.H. C.H.C.HÀM BỘ
Reverse description Central vignette of a standing male and female peasant couple engaged in agricultural labor, rendered in an engraved style. The inscriptions "GIẤY BẠC VIỆT NAM" appear at left and "NĂM MƯỜI ĐỒNG" at right, with the denomination numeral "50" at lower left and Chinese characters at upper center and lower left. Decorative column borders frame the central scene on both sides.
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Comments

The National Bank of Vietnam was established in 1951 as part of the Associated State of Vietnam's move toward financial independence from the Indochinese piastre system administered by the Banque de l'Indochine. This 50 Đồng note, printed by De La Rue in London, belongs to the first substantive series issued under that new authority — notes that had to project institutional credibility for a government still fighting for both military and political survival against the Việt Minh.

De La Rue's involvement was entirely practical: no domestic printing capacity existed capable of producing secure currency at the time.

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