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200 Đồng

Issuer State Bank of Vietnam
Year 1987
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Currency Second new đồng (1985-date)
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Obverse description Portrait of Hồ Chí Minh (1890–1969) at right, facing slightly left, set against a guilloche underprint bearing the denomination numeral; the national emblem of the Socialist Republic of Vietnam appears to the upper left of the portrait. The state title and value inscription run across the note face, with the date 1987 at lower left.
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Protection description Lotus flower (Nelumbo nucifera)
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Vietnam's 1987 banknote series was issued during the final, chaotic years of the centrally planned economy, just months before the Đổi Mới reforms fundamentally restructured how money functioned in the country. Inflation was running at several hundred percent annually by this point — a 200 Đồng note that could buy a modest meal in early 1987 was nearly worthless by year's end.

The series was quickly superseded and large quantities were withdrawn, though surviving circulated examples often show heavy soiling consistent with the period's poor paper quality and high-velocity day-to-day use.