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The Vietnamese cash (chữ Hán: 文 錢 văn tiền; chữ Nôm: 銅 錢 đồng tiền; French: sapèque), [a] [b] also called the sapek or sapèque, [c] is a cast round coin with a square hole that was an official currency of Vietnam from the Đinh dynasty in 970 until the Nguyễn dynasty in 1945, and remained in circulation in North Vietnam until 1948.
The Vietnamese dong has increasingly moved towards exclusively using banknotes, with lower denominations printed on paper and denominations over 10,000 dong, worth about 40¢ dollar or euro, printed on polymer. As of 2022, no coins are used. Generally, Vietnam is moving towards digital payments.
During the Nguyễn dynasty the value of these brass coins compared to that of zinc coins would increase over time, under Gia Long a brass Gia Long Thông Bảo (嘉隆通寶) cash coin was only worth 1.2 zinc Gia Long Thông Bảo cash coins, under Emperor Minh Mạng a single brass cash coin was worth three zinc ones, while in 1848 a 6 phần ...
The introduction of this new currency symbol marked the change in the relationship between Vietnamese cash coins made from copper and cash coins of zinc and it de facto increased the value of the Vietnamese brass cash currency. In November 1879 the official value of 6 copper phần was equal to 6 sapèques of zinc.
The currency of French Indochina was divided into the piastre, cent / centime, and sapèque units. One piastre equals 100 cents and one cent equals between 2 and 6 sapèques depending on the dynasty and reign era. [1] According to that ratio, a French Indochinese piastre coin is worth from 200 to 600 traditional Vietnamese cash coins. [1]
The đồng circulated in those parts of Vietnam not under the control of the Communist forces, which by 1954 coincided with South Vietnam. Coins denominated in su were also introduced in 1953. In 1955, an independent issue of đồng banknotes was produced by the National Bank of Vietnam. A South Vietnamese 1 đồng Coin from 1964
In Vietnam a string of cash coins had the nominal value of 1 Mexican peso or 1 French Indochinese piastre. [ 12 ] [ 13 ] During the late 19th century in Qing China, some currency systems were named after how many cash coins made up a string, such as the Jingqian ( 京錢 , 'metropolitan cash') or Zhongqian ( 中錢 ), [ 14 ] which was an ...
A lump of ancient Vietnamese cash coins in the National Museum of Vietnamese History, Hanoi. The list of coin hoards in Vietnam comprises significant archaeological hoards of coins, other types of coinages (e.g. sycees) or objects related to coins discovered in Vietnam. The history of Vietnamese currency, independent from China, dates back to the Đinh dynasty period with the Thái Bình Hưng ...