VND 500000 | Bank Note | Five Lakh Vietnamese Dong | Kae Kae | CurrencyStackerKK | Vietnam | Asia
The dong (sign: ₫ code: VND) has been the currency of Vietnam since 3 May 1978. It is issued by the State Bank of Vietnam. The dong was also the currency of the predecessor states of North Vietnam and South Vietnam, having replaced the previously used French Indochinese piastre. Formerly, it was subdivided into 10 hào, which were further subdivided into 10 xu, neither of which are now used. The Vietnamese dong has increasingly moved towards exclusively using banknotes; as of 2012 the use of coins has decreased greatly, and since 2014 coins are generally not accepted in retail, but will still be accepted in some, but not all, banks. The Vietnamese dong is currently the third weakest circulating currency as of May 2021 (behind Venezuelan bolivar and Iranian rial), with one United States dollar equalling 23112.04 dongs.
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