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1 Đồng
| Issuer | Việt Nam Dân Chủ Cộng Hòa (Democratic Republic of Vietnam) |
|---|---|
| Year | 1946 |
| Type | Standard circulation banknote |
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|---|---|
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| Reverse description | Central vignette of a peasant farmer plowing a rice field with a water buffalo, rendered in a simple intaglio-style print. To the left, the denomination is given as 'MỘT ĐỒNG' in Vietnamese above the Chinese characters '壹元'. At right, a large numeral '1' is set within a circular rosette underprint. A serial number appears below the vignette, and Chinese characters form the issuer inscription along the top margin within a decorative foliate border. |
| Reverse lettering | MỘT ĐỒNG 壹元 越南民主共和國 1 |
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| Comments |
P#45 is among the earliest banknotes issued by the Democratic Republic of Vietnam following Ho Chi Minh's declaration of independence in September 1945. The new government had no functioning central bank and no established printing infrastructure — these first issues were produced under genuinely improvised conditions, with limited ink consistency and uneven paper stock that varies noticeably across surviving examples.
The French still controlled much of the country's financial apparatus at the time of issue, making the circulation of this note as much a political act as an economic one. Many were quickly withdrawn or destroyed during the subsequent Franco-Viet Minh conflict, and attrition has been severe.