The Indonesian rupiah (IDR) is the world’s second highest denominated currency. Note that the Vietnamese dong is relatively stable (or at least rising in line with other currencies of Southeast Asia), so the comparison of numerical denomination with Zimbabwe and Venezuela is not a comparison of economies (more on that below).Ī better comparison would be with Indonesia, which is also a rapidly developing nation on a similar trajectory to Vietnam. The highest denominated currency is the Iranian Rial, which was trading at 35240.00 for 1 USD at the time of this post.Ĭurrently the unofficial rate of the Venezuelan bolívar (VEF) is running at 4300 per dollar and rising fast, so maybe it will take the crown soon unless it is disbanded. Zimbabwe now uses other currencies, including the United States dollar, South African rand, Botswana pula, Pound sterling, Indian rupee, Euro, Japanese yen, and Chinese yuan. The previous highest denomination record-holder was the Zimbabwean dollar (ZWL), which reached $10(14) (somewhere in the trillions) before the currency was disbanded in 2009. For the purpose of this article đồng has been anglicized to dong. In Vietnamese a “d” with a strike through it (đ) is a hard d, while a regular d is soft, sounding like y or z, depending on which pronunciation of Vietnamese you use. The word đồng derives from the Chinese tóng qián, which refers to Chinese bronze coins from the dynastic periods of China and Vietnam. My first month I spent about 16 million dong.
Many Vietnamese banks only allow 2 million dong withdrawals, though if you find a Citibank you can withdraw 8 million in one transaction. With just two of these you are a dong millionaire.Įvery month I have a fistful of dong as I go to pay the rent in cash. The world’s highest denominated banknote (as opposed to the world’s highest-value notes) is the 500,000 dong note. The dong has the distinction of being one of the world’s highest denominated currency. The dong (…) is the currency of Vietnam, and at the time of this post 1 US dollar was equal to 22701.48 Vietnamese dong (VND).
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