Bạc

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The Bạc is the currency of Nam Viet. It is subdivided into 720 đồng, historically identical to the Chinese yuan/cash. Amounts are written as Xb Yđ. In ancient times, the đồng (literally "copper" or "bronze") was the term used for Chinese cash coins. When trade dollars began appearing from the West, they were dubbed bạc, which translates as "silver". The bạc was worth 720 đồng, hence the modern ratio. During the Great Oriental War, Nam Viet suffered hyperinflation. After its liberation by Australasia, the bạc was re-established at its historic value of 440 grana of fine silver. The bạc has suffered some devaluation, and, prior to Bao Long's ascent, was 12 to the pound of 15-suc silver (300 grana fine silver). Bao Long proclaimed a recoinage shortly after his ascent, retaining the fine silver content, but decreasing the alloy, so that the new standard is 16 to the pound of 20-suc silver.

Contents

Coins

  • 1 đồng
  • 5 đồng
  • 15 đồng
  • 45 đồng
  • 1/8 bạc (90 đồng)
  • ¼ bạc (180 đồng)
  • ½ bạc (360 đồng)
  • 1 bạc

Banknotes

  • 2½ bạc
  • 5 bạc
  • 10 bạc
  • 25 bạc
  • 50 bạc
  • 100 bạc
  • 250 bạc

Revaluation

In 2005, Emperor Bao Long suggested the possibility of revaluing the bạc to conform with the Japanese currency, possibly as a prelude to Nam Viet's entry into a revived Asia-Pacific Trade Union. He suggested increasing the value of the bạc to 368 grana (equal to the lò, and equivalent to 883.2 đồng). The đồng, meanwhile, would be revalued to 1/400 new bạc, making it equal to the Japanese fun (2.208 current đồng).

This move was ratified, and will be completed by mid-to-late 2008, with new coins and banknotes to be issued at the start of 2008. Prices are currently listed in both values of the currency to aid citizens in the transition. New currency will be

New Coins

  • 1 đồng (2.208 old)
  • 5 đồng (11.04 old)
  • 10 đồng (22.08 old)
  • 25 đồng (55.2 old)
  • 1/8 bạc (50 đồng) (110.4 old)
  • ¼ bạc (100 đồng) (220.8 old)
  • ½ bạc (200 đồng) (441.6 old)
  • 1 bạc (1 bạc, 883.2 đồng old)

New Banknotes

  • 2½ bạc (3 bạc, 48 đồng old)
  • 5 bạc (6 bạc, 96 đồng old)
  • 10 bạc (12 bạc, 192 đồng old)
  • 25 bạc (302/3 bạc old)
  • 50 bạc (611/3 bạc old)
  • 100 bạc (1222/3 bạc old)
  • 250 bạc (3062/3 bạc old)
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