Last week we discussed the new commemorative banknote planned to mark the 65th anniversary of the State Bank of Vietnam. This article
published April 14, 2016 reported long lines of buyers queuing up in Hanoi for the new issue. -Editor
Residents in the Vietnamese capital made a queue for the country’s newly issued 100-dong commemorative banknote on Wednesday at the
central bank’s headquarters.
Earlier, the State Bank of Vietnam (SBV) issued a souvenir bill with a denomination of 100 Vietnamese dong on Tuesday in commemoration
of its 65th anniversary (1951-2016).
The bill features the most iconic spiritual, historical, and cultural symbols of the Southeast Asian country, and was printed using the
most advanced money-printing technologies fully-funded by foreign sponsors, the bank’s vice governor said.
A single banknote of this bill costs VND20,000 (US$0.92), while its folder edition that comes with a bilingual detailed caption fetches
VND25,000 ($1.14) each.
Though it was already the second day the bank had begun selling the note, hundreds of locals were still seen queuing outside the SBV’s
headquarters on Tong Dan Street, Hoan Kiem District, Hanoi, in the afternoon to get hold of the commemorative bill.
This was due to the fact that the other SBV branch in Hanoi had earlier stopped receiving new registrations for the bill, luring all
buyers to its headquarters.
Commemorative banknote issues are a growing trend worldwide. Will the major financial powers ever climb on the bandwagon? Imagine a
series of commemorative U.S. $5 bills. Would that be a Good Thing or a Bad Thing? Circulating commemorative coins have generally been
popular, as have many of the noncirculating coins. All such programs are vulnerable to excess and lowered standards, but bring new
collectors to the hobby. Even if most of the hundreds lining up for these commemorative notes are speculators hoping to resell, the
raised awareness does help expand collector ranks. What do readers think? -Editor
Howard Daniel writes:
I also received two more emails about the State Bank will be sponsoring a national numismatic society! This is big news because only
philatelics was an approved national hobby with a society.
Every time I meet someone from inside the State Bank or outside it with influence in the government, I have talked to them about the
state bank and its branches selling coins and notes to their people and to overseas customers; and about creating a museum and the
society. One of them was the former Chief of Staff in the State Bank and I saw him taking notes as I spoke. Maybe he set everything in
motion about five years ago, which is likely about what a project takes to get done in Viet Nam.
To read the complete article, see:
Hanoi residents dash to buy
commemorative Vietnamese bill (http://tuoitrenews.vn/business/34280/hanoi-residents-elbow-to-buy-commemorative-vietnamese-bill)
To read the earlier E-Sylum article, see:
VIETNAM PLANS TO ISSUE COMMEMORATIVE BANKNOTE
Wayne Homren, Editor
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