Is the 200 dong note still in circulation?

According to the State Bank of Vietnam (SBV), the 200 VND note is still valid in circulation.

The 200 VND note was issued by the State Bank of Vietnam in 1987, a period when the country was entering a period of economic reform and development. The front of the note features a picture of President Ho Chi Minh. The back of the note features an image symbolizing agriculture - the foundation of the country's economy.

In the early years of its issuance, the 200-dong note had a relatively large value and was widely used in people's daily transactions. Over time, due to economic fluctuations and inflation, the real value of the 200-dong note gradually decreased. Nowadays, 200 dong cannot buy as many things as before and is gradually becoming less used.

According to the State Bank of Vietnam (SBV), not only 200 VND bills, but also small denomination paper money such as 100 VND and 500 VND; metal money with denominations of 200 VND, 500 VND, 1,000 VND, 2,000 VND, 5,000 VND are still valid in circulation. However, with the development of non-cash payments and the impact of income factors, exchange rates, etc.; affecting people's consumption and cash usage habits, small denominations are increasingly used less and their proportion in circulation is gradually narrowing.

Currently, metal money and paper money of 100 VND and 200 VND are almost no longer used in daily payment transactions. Although 500 VND is still used in some localities in transactions, the volume is not much (such as used to pay for supermarkets, hospitals, bridge and ferry fees...).

" In recent years, low-denomination money (100 VND, 200 VND, 500 VND) has no practical payment value, so the State Bank has stopped printing and minting additional money every year, and continues to use only the necessary amount from reserves, bank inventories and among the people.

For other denominations, the State Bank will print, issue and supply sufficient value and denomination structure into normal circulation, ensuring that it meets the payment needs of the economy," the State Bank emphasized.

Thus, although no longer popular in daily transactions, the 200 VND note is still in circulation, although it is no longer issued.

In addition, for many people, the 200 VND bill is also a souvenir, so they still search for and collect it every year with a high exchange cost.

Source