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20 000 Đồng
| Issuer | State Bank of Vietnam |
|---|---|
| Year | 1991 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | Log in to see details |
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| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | 31 December 2012 |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse lettering | Log in to see details |
| Signature(s) | Log in to see details |
| Protection type | Watermark |
| Protection description | Hồ Chí Minh portrait, visible in the unprinted left field when held to light. |
| Variants | Log in to see details |
| Comments |
Vietnam's economy in 1991 was still absorbing the shock of the Đổi Mới reforms initiated in 1986, which dismantled central planning and opened the country to market mechanisms. Inflation had been catastrophic in the late 1980s — peaking above 300% annually — and the 20,000 Đồng denomination, once unthinkably large, had become a practical necessity for routine transactions by the time this note entered circulation.
P#110 was superseded relatively quickly as the currency stabilized and higher denominations followed. Notes that actually circulated tend to show heavy wear; the paper is prone to soiling at the folds.