Trade in 'worthless' banknotes soars in Vietnam

Vietnam will withdraw the 10.000 and 20.000 Dong from 1 January 2013. This has sparked a trade in these banknotes in Vietnam. People want to buy them as a souvenir or because they think the notes will be worth much more in the future. They're being offered sometimes at four times the face value. Some people claim these banknotes are so popular because of the beautiful colors: "the VND10,000 paper note dubbed “The Queen of all VND banknotes” symbolizes luck thanks to its bright shade of red – a favorite color during Tet holiday."

You can read about this business in this charming article which also deals with collecting money (yaay, it's legal!) and the growing e-business in Vietnam.

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Steven Tuesday 11 December 2012 at 1:18 pm | | links
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