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10 000 Đồng

Issuer State Bank of Vietnam
Year 1993
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In circulation to 31 December 2012
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Obverse lettering CỘNG HÒA XÃ HỘI CHỦ NGHĨA VIỆT NAM 10000 10000 1993 MƯỜI NGHÌN ĐỒNG
(Translation: Socialist Republic of Vietnam Ten thousand dong)
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Protection description Portrait watermark of Ho Chi Minh
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Comments

Vietnam's high-denomination notes of the early 1990s were a direct consequence of the doi moi economic reforms launched in 1986, which dismantled central planning and unleashed inflation that periodically ran above 300% annually in the late 1980s. By the time this note was issued, inflation had been substantially tamed, but the demand for large-denomination paper remained — the đồng had lost so much ground that 10,000 units was still a routine transaction amount.

P#115 is a paper issue; the polymer 10,000đ series came later, replacing it in circulation. The watermark is the sole security feature, modest even by the standards of the period.

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