Decree No. 103 stipulates the issuance of a new currency denomination of two dong, featuring an image of President Ho Chi Minh and distinctive symbols of Vietnam. This document aims to meet the demand for currency during that period.
Scope of application
State Bank of Vietnam, Ministry of Finance
Key points
- The Minister of Finance is authorized to issue the new currency denomination of two dong (Article 1).
- This type of money features an image of President Ho Chi Minh and national symbols on one side, with the other side bearing the denomination of two dong and a star with the inscription "Vietnam Democratic Republic" (Article 1).
- The new money is minted from heavy metal weighing 12 grams (Article 1).
- This decree does not specify the issuance time, quantity of money to be issued, or other conditions related to the issuance.
- There are no specific provisions regarding sanctions or legal consequences for violations of this Decree.
🌐 Social impact of this document
- Strengthening the monetary system to meet the demand for goods and services circulation during that period.
- It may contribute to macroeconomic stability due to money issuance in line with market needs.
- Citizens have additional options for denominations used in daily transactions.
❓ Frequently asked questions
What images are on this new type of currency?
The new two-dong denomination features an image of President Ho Chi Minh and national symbols on one side, with the other side bearing the denomination of two dong and a star with the inscription "Vietnam Democratic Republic."
What material is used to make the new money?
This type of money is minted from heavy metal weighing 12 grams.
Who is responsible for issuing this new currency?
The Minister of Finance is authorized to issue the two-dong denomination according to Decree No. 103.
Full text
DECREE
On the issuance of a second 2-dong coin
CHAIRMAN OF THE GOVERNMENT OF THE DEMOCRATIC REPUBLIC OF VIETNAM
In consideration of the need for currency;
Pursuant to the proposal of the Minister of Finance,
DECREE:
Article 1
Permission is granted to issue a coin weighing 12 grams, one side bearing an image of President Ho Chi Minh with the inscription "President Ho Chi Minh" and two leaves of evergreen trees below, and the other side featuring a star with the inscription "Democratic Republic of Vietnam" and "2 dong."
Article 2
The Minister of Finance is authorized to implement this Decree.
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Huỳnh Thúc Kháng (Signed)
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