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| Issuer | National Bank of Vietnam |
|---|---|
| Year | 1953 |
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| Composition | Paper |
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|---|---|
| Obverse lettering | Việt Nam Dân Chủ Cộng Hòa Năm Nghìn Đồng (Translation: Democratic Republic of Vietnam Five Thousand Ðồng) |
| Reverse description | Central vignette presents a detailed intaglio scene of soldiers manning anti-aircraft artillery pieces in a field, with additional gun crews visible in the background landscape. Chinese characters 伍仟元 appear at left, and the date 1953 is printed along the lower border. The composition is enclosed within an elaborate guilloche frame with corner ornaments, printed in green. |
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| Comments |
The National Bank of Vietnam was established only in 1951, and this 1953 series represented one of its earliest substantial emissions — issued while the First Indochina War was still being fought and French political authority over the territory remained deeply contested. Having the Banque de France print the notes was not a neutral logistical choice; it reflected the monetary arrangements underpinning the Associated State of Vietnam under Bảo Đại, which retained close financial ties to Paris even as the military situation deteriorated.
The 5,000 Đồng was the highest denomination in the series. At that value, it would rarely have passed through ordinary hands.