2 Xu

Vietnam's National Bank issued this tiny-format note as a fractional instrument during a period when the southern economy was under severe inflationary pressure and coinage was largely absent from everyday transactions. The xu denominations — 1, 2, and 5 — circulated as practical substitutes for metal that the government could not reliably produce in sufficient quantity.

P#75 is among the more elusive of the xu series in any grade, largely because notes this small were easily lost, discarded, or pulped after their brief useful life.