Quiz Creator - What is the currency of Vietnam?

Trivia Question 1: What is the currency of Vietnam?

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Answer: Dong

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The currency of Vietnam is the Vietnamese dong, abbreviated as VND. The dong has been the official currency of Vietnam since 1978, replacing the previously used North Vietnamese dong and South Vietnamese đồng.

As of September 2021, the exchange rate is approximately 23,000 VND to 1 USD. The Vietnamese dong comes in various denominations, including coins and banknotes. The coins are available in denominations of 200, 500, 1000, 2000, and 5000 VND, while the banknotes come in values of 1000, 2000, 5000, 10,000, 20,000, 50,000, 100,000, 200,000, and 500,000 VND.

When traveling to Vietnam, it is essential to familiarize yourself with the local currency to avoid any confusion during transactions. While major credit cards are accepted in larger establishments and hotels in urban areas, cash is still the preferred method of payment in smaller shops and markets.

Exchanging currency in Vietnam is relatively easy, with numerous banks, exchange counters, and ATMs available throughout the country. It is advisable to exchange money at official exchange counters or banks to ensure you receive the correct exchange rate.

For more information on the Vietnamese dong and currency exchange in Vietnam, you can visit the official website of the State Bank of Vietnam here. Additionally, websites such as XE and OANDA provide up-to-date exchange rates and currency conversion tools for travelers looking to plan their finances ahead of their trip.

Overall, understanding the currency of Vietnam and how to handle it is crucial for a smooth and hassle-free travel experience in the country. By familiarizing yourself with the Vietnamese dong and its denominations, as well as knowing where to exchange currency, you can make the most of your trip without any financial hiccups.

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