Catalog
10 000 Đồng
| Issuer | State Bank of Vietnam |
|---|---|
| Year | 1993 |
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| Value | Log in to see details |
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| Composition | Log in to see details |
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| In circulation to | 31 December 2012 |
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| Obverse description | Red and red-violet intaglio print over a multicolor underprint. Portrait of Ho Chi Minh at right, state arms at center with modified underprint color surrounding the vignette, and an optical registry device at lower left. |
|---|---|
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| Protection type | Watermark |
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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.