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The dong (Vietnamese: đồng, Chữ Nôm: 銅) (/dɒŋ/; Vietnamese: [ˀɗɜwŋ͡m˨˩]; sign: ₫ or informally đ in Vietnamese; 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 hao (hào), which were further subdivided into 10 xu, neither of which are now used due to inflation. The Vietnamese dong has increasingly moved towards exclusively using banknotes, with lower denominations printed on paper and denominations over 10,000 dong, worth about 40¢ dollar or euro, printed on polymer, as of 2022 no coins are used. Generally, Vietnam is moving towards digital payments. As of December 2022, the Vietnamese dong was the third-lowest valued currency unit (behind the Venezuelan bolivar and Iranian rial), with one United States dollar equalling around 23,575 dong.
