fall of Saigon. Because counterfeit banknotes were a major issue at the time, all South Vietnamese banknotes were printed with a warning stating that counterfeiters were to be punished by penal labour. Second đồng, 1975 to 1978 Following the defeat of South Vietnam by North Vietnamese forces, the first đồng was replaced by a new currency, known as the "liberation đồng", at a rate of 1 liberation đồng = 500 first đồng on September 22, 1975. The liberation đồng circulated until May 2, 1978, when the two Vietnamese currencies merged and the liberation đồng was replaced by the new Vietnamese đồng at a rate of 1 new đồng = 0.8 liberation đồng. Coins Coins were issued in denominations of 1, 2 and 5 xu. All were holed coins struck in aluminium and were issued in the name of the Ngân-Hàng Việt-Nam (Bank of Vietnam). The 2 xu coin was dated 1975. The 1 and 5 xu were not dated but Krause & Mishler date them to 1976. Banknotes The Ngân-Hàng Việt-Nam (Bank of Vietnam) issued notes in denominations of 10, 20 and 50 xu, 1, 2, 5, 10 and 50 đồng. The notes were dated 1966. See also North Vietnamese đồng References External links Collection Banknotes of Vietnam and the World Art-Hanoi - Coins of South Vietnam Art-Hanoi - Paper Money of South Vietnam Saigon Black Market Exchange Rates 1955-1975 History of South Vietnam Modern obsolete currencies Currencies of Vietnam Dong, South Vietnamese 1953 establishments in South Vietnam 1978 disestablishments