The E-Sylum:  Volume 9, Number 42, October 15, 2006, Article 21

MORE POLYMER NOTE PROBLEMS REPORTED

"A reader Tuesday supplied to Thanh Nien newspaper a VND500,000
polymer bill with serial number of KL 04200188 that had inconsistent
coloration.... A bank employee remarked that this was a printing
error."

Also on the same day, a reader in Ho Chi Minh City's Tan Binh
district brought to the newspaper a VND500,000 polymer note with
serial number of BL 03164712 that had a crack in the middle."

"Another reader, Huynh Van No in District 10, showed some VND500,000
polymer notes with many mistakes on, including differences in size
and in distance between the print characters and images and the edges
of the notes.

"Talking with Thanh Nien Tuesday a source from the State Bank of
Vietnam (SBV) said the errors recently discovered on the polymer
banknotes were not "a particular but a common phenomenon" to
polymer currency.

A source close to the newspaper revealed last year an SBV's division
warned the bank governor of the shortcomings of the Vietnamese polymer
bills after nearly two years of circulation."

Vietnam issued polymer banknotes for the first time on December 17,
2003, with denomination of VND500,000 and VND50,000. The VND100,000
polymer banknotes were put into circulation on September 1, 2004.

This year, three more kinds of polymer banknotes, with face values
of VND20,000, VND10,000 and VND200,000 were issued on May 17 and
August 30.

However, just several months after the first polymer banknotes
appeared in the market, problems emerged."

To read the complete article, see: Full Story

  Wayne Homren, Editor

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