Cotton bills cease circulation from 2013

The State Bank of Vietnam announced yesterday that the circulation of VND10,000-denominated and VND20,000-denominated bills that were made of cotton will be suspended as of next year.

Accordingly, as of January 1, 2013, the two cotton bill types cannot be used across the Vietnamese territory.

Starting from the said date, organizations and individuals that still have such old notes can exchange them for modern polymer bills with equivalent value at centers and branches of the State Bank of Vietnam and at credit organizations and foreign branches and local State Treasuries.