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500 Ðồng

Issuer National Bank of Vietnam (Ngân Hàng Quốc Gia Việt-Nam)
Year 1951
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Value 500 Dongs (500 Ðồng)
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Obverse lettering 500 VIỆT-NAM DÂN CHỦ CỘNG HÒA 和共主民南越 元佰伍 NAM TRAM DONG
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Reverse lettering 500 NGÂN HÀNG QUỐC GIA VIỆT-NAM 1951
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The National Bank of Vietnam was established by the State of Vietnam under Bảo Đại in January 1952, but this note is dated 1951 — reflecting the practice of backdating the first series to the bank's legislative authorization rather than its operational date. France retained direct involvement through the Banque de France as printer, an arrangement that suited neither Vietnamese nationalists nor the Việt Minh, both of whom viewed the currency as evidence of continued French financial control dressed in nominally independent clothing.

The Banque de France's intaglio work on this series is among the finer printing produced for any Southeast Asian issuer of the period.