Bearer's Checks 1992-2002
To support growing industrial need for large money transactions, the State Bank issued "Bearer's Checks" or "State Bank Settlement Checks" (Ngân Phiếu Thanh Toán) in denominations from 100,000 to 5,000,000 đồng. To prevent counterfeiting, these notes had many degrees of protection, their designs were changed every five to six months, and they had expiration dates five or six months after the date of issue. The checks worked until the banking system was upgraded to handle electronic transfers of large amounts of đồng, making most large cash transactions unnecessary.
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Famous quotes containing the words bearer and/or checks:
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When he was halfway there,
Remembered that evil tidings
Were a dangerous thing to bear.”
—Robert Frost (1874–1963)
“The gold-digger is the enemy of the honest laborer, whatever checks and compensations there may be. It is not enough to tell me that you worked hard to get your gold. So does the Devil work hard. The way of transgressors may be hard in many respects.”
—Henry David Thoreau (1817–1862)