VietNamNet Bridge – The banknote market has warmed up as the 2013 Tet nears. Vietnamese people rush to hunt for original banknotes to give to relatives and friends as gifts on Tet days.
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Right after the one-dollar bank note designed specifically for the 2013 Tet, the
Year of Snake was marketed in the US some days ago, Vietnamese have been rushing
to place orders for the lucky banknotes to prepare for the Tet celebration.
Official information sources say the one dollar banknote was launched into the
US market in mid-November on the occasion of Orient people’s Tet. 88,888
one-dollar bank notes have been offered on sale by the US Treasury.
In Hanoi and HCM City, banknote traders have offered to sell the banknotes at
500,000 dong for each. Meanwhile, with the current exchange rate, one dollar is
equal to 21,000 dong only.
The traders have advertised that these are the lucky banknotes which have been
put into red envelops with printed images of snakes and with gilded Chinese
letters. The bank notes are special because their series numbers all start with
8888, the numeral which is in thoughts of Oriental people, can bring good luck
and prosperity.
Especially, clients can order a crystal box to put the banknote into it, if they
accept to pay about one million dong for both the banknote and the box.
When a client told Hau, a banknote trader, that he wanted to see the sample of
the banknote, Hau said he still has not got the products yet.
Hau, like many other petty traders, would make calls to the US to place orders
and pay deposit money. Hau began accepting orders since mid December and he has
got two orders. However, he still expects some more orders before he calls to
place orders.
“I think I need to be cautious in doing business this year, in the economic
crisis. I am afraid that there won’t be many orders, because people have to
fasten their belt in the difficulties,” he said, revealing that he last year
bought a lot of dollar bank notes with original series numbers, but he could not
sell them because of the weak demand.
Anticipating the low demand, other traders also don’t dare to place big orders
with their US supply sources. On some websites, like phomuaban or 5giay, one
could see some ad pieces offering the lucky one dollar bank note at competitive
price of 450,000 dong.
Analysts believe that even with the price level, Vietnamese traders still can
make profit, because the original price announced by the US Treasury is 5.95
dollar per banknote only, while those, who buy more than 50 banknotes, would
enjoy the preferential price level of 4.5 dollars.
On eBay, lucky one dollar bank notes have been offered at 6.95 – 8.68 dollars.
Besides, buyers would also have to pay the shipping fee of five dollars for each
time.
Besides the one dollar banknotes, people have also offered to sell the banknotes
with special features. These include two dollar bank notes, which are believed
to be in high demand, because the banknote is believed to bring good luck to the
owners.
In general, older two dollar bank notes would be more expensive than brand new
ones. For example, a two dollar bank note issued in 1976 would be priced at
300,000 dong, while the one issued in 1928 at 600,000 dong.
VNE