Old coins to be auctioned as scrap
The State Bank of Vietnam will auction the scrap metal from coins which are no longer in circulation.
The Technical Centre for Quality Measurement Standards 1 carried out the chemical analysis and testing on the scrap.
The metal coins that worth from VND200 to VND5,000 went into circulation in late 2013 to be used on buses, phone booths and vending machines. However, the coins are of low-quality metal and became rusty quickly. Moreover, they were rarely used because of their low value and lack of everyday practicability.
In April 2011, the State Bank of Vietnam stopped the production of metal coins.
Old coins in Vietnam
The Technical Centre for Quality Measurement Standards 1 carried out the chemical analysis and testing on the scrap.
The metal coins that worth from VND200 to VND5,000 went into circulation in late 2013 to be used on buses, phone booths and vending machines. However, the coins are of low-quality metal and became rusty quickly. Moreover, they were rarely used because of their low value and lack of everyday practicability.
In April 2011, the State Bank of Vietnam stopped the production of metal coins.
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