North Vietnamese đồng

North Vietnamese đồng
đồng Việt Nam Dân Chủ Cộng Hòa (Vietnamese)
5000 Dong, 1953 10 Dong, 1958
Denominations
Subunit
1/10	hào
1/100	xu
Symbol	₫
Banknotes	2, 5 xu, 1, 2, 5 hào, 1, 2, 5, 10 đồng
Coins	1, 2, 5 xu
Demographics
User(s)	North Vietnam
Issuance
Central bank	National Bank of Vietnam and State Bank of Vietnam
Website	www.sbv.gov.vn
This infobox shows the latest status before this currency was rendered obsolete.

The đồng (/ˈdɒŋ/; Vietnamese: [ɗôŋm]) was the currency of North Vietnam from 3 November 1946 to 2 May 1978. It was subdivided into 10 hào, each itself divided into 10 xu.

The first đồng issued by the communists controlling northern Vietnam was introduced on January 31, 1946, and replaced the French Indochinese piastre at par. Two revaluations followed. In 1951, the second đồng was introduced at a rate of 1 1951 đồng = 100 1946 đồng. However, some sources say there were two consecutive revaluations in 1951 and 1953, each with factor of 10. In 1954, this became the currency of the newly recognized state of North Vietnam, with an exchange rate to the still circulating piastre and South Vietnamese đồng of 32 northern đồng = 1 piastre or southern đồng. In 1956, the đồng was pegged to the Chinese renminbi yuan at a rate of 1.47 đồng = 1 yuan.

On 28 February 1959, another đồng replaced the second at a rate of 1 1959 đồng = 1000 1951 đồng. An exchange rate with the Soviet ruble was established in 1961, with 3.27 đồng = 1 ruble. On May 3, 1978, following the unification of Vietnam, the đồng was also unified. 1 new đồng = 1 northern đồng = 0.8 southern "liberation" đồng.

In 1946, aluminium 20 xu, 5 hào and 1 đồng and bronze 2 đồng were issued, with the 20 xu coins dated 1945. These were the only coins issued for this currency, with no coins at all issued for the 1951 đồng.

In 1958, holed, aluminium coins in denominations of 1, 2 and 5 xu were introduced. These were the only coins issued in this currency.