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Hanoi residents dash to buy commemorative Vietnamese bill

Hanoi residents dash to buy commemorative Vietnamese bill

Thursday, April 14, 2016, 22:01 GMT+7

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.

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The obverse and reverse of the 100-dong banknote to be issued by the State Bank of Vietnam on May 6, 2016. Photo: Tuoi Tre

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.

As regulated by the SBV, an individual can only buy a maximum of 20 separate notes and five folder bills, so as to avoid the act of buying in large quantities and reselling for profit.

Those who would like to buy the bill thus have to present their national ID to keep records of their transactions.

Organizations that want to buy large quantities of the banknote have to register by document with the issue office, and are allowed to purchase no greater than 100 notes.

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The separate edition of the 100-dong commemorative banknote issued by the State Bank of Vietnam on April 12, 2016. Photo: Tuoi Tre

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The folder edition of the 100-dong commemorative banknote issued by the State Bank of Vietnam on April 12, 2016. Photo: Tuoi Tre

Nguyen Van Thinh, a buyer who just bought 25 100-dong notes on Wednesday afternoon, said he had come in the morning but had given up because the queue was too long.

Thinh added he thought the bill was beautifully designed and was a proper gift for his business partners.

According to the SBV, the bill would be sold at its branch in Ho Chi Minh City beginning April 22.

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