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In 1946, the Viet Minh government (later to become the government of North Vietnam) introduced its own currency, the dong, to replace the French Indochinese piastre at par. Two revaluations followed, in 1951 and 1959; the first was at a rate of 100:1, the second at a rate of 1,000:1.
Common weights were 50, 10, 5 and one tael. Before the year 1840 the government of the Qing dynasty had set the official exchange rate between silver sycees and copper-alloy cash coins was set at 1,000 wén for 1 tael of silver before 1820, but after the year 1840 this official exchange rate was double to 2,000 wén to 1 tael. [5]
Gold prices (US$ per troy ounce), in nominal US$ and inflation adjusted US$ from 1914 onward. Price of gold 1915–2022 Gold price history in 1960–2014 Gold price per gram between Jan 1971 and Jan 2012. The graph shows nominal price in US dollars, the price in 1971 and 2011 US dollars.
GOLD. 2931.9. 1.53%. SILVER. 32.61. 0.51%. EUR/USD. 1.0312468 ... MoneyWatch price tracker shows how much food, utility, housing costs are rising ... Get today's best rates on high-yield FDIC ...
Where does the price of gold stand today? The New York spot price of gold closed Tuesday at just over $2,657 per Troy ounce — the standard for measuring precious metals, which is equivalent to ...
According to Nguyen's policy, the mines, based on their scales, had to sell a certain amount of gold (or equivalent silver) to the government at a low price every year. While the market price was around 100 strings for 24-karat gold and 80 strings for 20-karat gold, the price that the government bought was 50 strings. [24]
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.
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