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Home / Economy / Banking & Finance
SBV exchange old banknotes
KTDT 09:10, 2012/10/28
On September 28 the State Bank of Vietnam announced that they would start collecting the older cotton 10,000 VND and 20,000 VND notes beginning January 1, 2013, as those two notes will be taken out of circulation.

The Hanoitimes - On September 28 the State Bank of Vietnam announced that they would start collecting the older cotton 10,000 VND and 20,000 VND notes beginning January 1, 2013, as those two notes will be taken out of circulation.


People will be able to bring their old notes to their nearest SBV's branch, credit facilities or State treasury exchanges for new polymer notes.

SBV had stopped issuing the cotton banknotes and recovered them via banks and treasury to limit their presence in the market. Some commercial centres have refused to accept the cotton banknotes and many people have thought that the notes were taken out of circulation for years.

After the SBV announced the decision, the old notes suddenly gained more value, especially the old cotton 10,000 VND. The note with red colour was often used as lucky money during Tet.

The old cotton 10,000 VND has been offered o­n the internet for anywhere between 20-50,000 VND. Some 10,000 VND notes have higher prices with 'lucky' serial numbers.

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