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20 Xu
| Issuer | National Bank of Vietnam |
|---|---|
| Year | 1975 |
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| Shape | Rectangular |
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| Obverse description | Central vignette of a rubber plantation rendered in fine intaglio, showing a receding avenue of tapped rubber trees with workers and a vehicle on the path. Ornate guilloche rosettes bearing the denomination "20 XU" in red underprint flank the vignette left and right. The issuing authority inscription runs along the top border, with the denomination "HAI MƯƠI XU" in bold letterpress at the base. |
|---|---|
| Obverse lettering | NGÂN HÀNG VIỆT NAM HAI MƯƠI XU 20 |
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| Comments |
The National Bank of Vietnam issued this note in 1975, the year reunification ended the southern republic entirely. Notes of this series had an extremely short useful life — the unified Socialist Republic introduced a new currency system in 1978 that demonetized southern-issued paper, and the exchange ceilings imposed during that reform meant most low-denomination notes were simply abandoned rather than converted.
A print run of just over twelve million sounds substantial, but the 1978 demonetization wiped out most of the circulated stock. Uncirculated survivors are disproportionately common relative to well-worn examples, suggesting quantities were held unissued when the cutoff came.