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20 Ðồng

Issuer Ngân hàng Quốc gia Việt Nam (National Bank of Vietnam)
Year 1948
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Value 20 Ðồng
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Reverse description The reverse is printed in reddish-brown on plain paper. A central vignette depicts a rural labour scene with two figures — a seated woman with agricultural produce and a standing worker at a mortar — set against a rising sun motif, rendered in a folk-art linear style. The denomination 'HAI MƯỜI ĐỒNG' and the numeral '20' appear in bold type to the right within a decorative lozenge border, while 'GIẤY BẠC VIỆT NAM' is inscribed across the top; serial number prefixes 'LK 024' appear at upper left and lower centre.
Reverse lettering GIẤY BẠC VIỆT NAM
HAI MƯỜI ĐỒNG
20
貳拾元
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Comments

P#24 belongs to the earliest emission of the National Bank of Vietnam, established in 1951 — but this 1948-dated note predates that institution, placing it instead under the Democratic Republic of Vietnam's first financial apparatus, operating under extraordinarily primitive wartime conditions. Printing was done domestically while the Việt Minh government was fighting French forces, which meant facilities moved constantly to avoid aerial targeting. Production quality varies dramatically within the series as a direct result.

Notes from this period are frequently found with uneven ink strike and rough guillotine cuts — not damage, but the original output of presses that were never meant to be permanent.

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