FlyerTalk Forums - View Single Post - Large currency denominations COMMONLY in use
Old Dec 11, 2010, 3:54 pm
  #7  
Letitride3c
 
Join Date: Aug 2010
Location: LGA - JFK
Programs: UA, AA, DL, B6, CX, KE, Latitude, VIFP, Crown & Anchor, etc.
Posts: 2,589
It's not uncommon to be using $100,000 notes in Vietnam, whereas the $500,000 (that's right, half a million) isn't as widely used compared to the $50,000, $20,000, or $10,000 notes. $100,000 dong is equal to about $5.25 USD - a taxi ride in a 7 pax Toyota to the airport from our hotel in District 5 including tip was $150,000 or less than $8 USD - and the driver was very happy with the run for 4 of us plus our luggage (that's $2 per person, what a bargain)

Thus, Americans can easily feel like billionaires in VN - given the official exchange rate - but, prices are rising fast due to inflation (much like China)
Letitride3c is offline