Nội dung toàn văn Decision No. 230/QD-NHNN on the issuance of some provisions relating to foreign
STATE BANK OF VIETNAM | SOCIALIST REPUBLIC OF VIET NAM |
No: 230/QD-NHNN | Hanoi, February 11, 2011 |
DECISION
ON THE ISSUANCE OF SOME PROVISIONS RELATING TO FOREIGN CURRENCY TRANSACTION OF CREDIT INSTITUTIONS AUTHORISED TO ENGAGE IN FOREIGN EXCHANGE ACTIVITY
THE GOVERNOR OF THE STATE BANK
- Pursuant to the Law on the State Bank of Vietnam No.46/2010/QH12 dated 16 June 2010;
- Pursuant to the Law on Credit Institutions No.47/2010/QH12 dated 16 June 2010;
- Pursuant to the Decree No. 96/2008/ND-CP dated 26 August 2008 of the Government providing for the functions, duties, authorities and organizational structure of the State Bank of Vietnam;
Upon the proposal of the Director of the Foreign Exchange Control Department,
DECIDES:
Article 1. General Directors (Directors) of credit institutions authorised to engage in foreign exchange activity shall be permitted to determine the buying and selling rate for spot transaction between Vietnamese Dong and foreign currencies under the following principles:
1. For USD: the maximum exchange rate shall not exceed +1% (one per cent) of the average exchange rate in the inter-bank foreign currency market applicable to the previous latest transaction date, which is announced by the State Bank.
2. For other foreign currencies: The exchange rate shall be determined by the General Directors (Directors) of credit institutions authorised to engage in foreign exchange activity.
3. The General Directors (Directors) of credit institutions authorised to engage in foreign exchange activity shall determine the difference between the buying rate and selling rate.
Article 2. This Decision shall be effective from its signing date and replace the Decision No.2666/QD-NHNN dated 25 November 2009 on the issuance of several provisions relating to foreign currency transaction of credit institutions authorized to engage in foreign exchange activity.
Article 3. Director of the Administrative Department, the Director of the Foreign Exchange Control Department, Heads of related units of the Central State Bank, Managers of State Bank's branches in provinces, cities under the central Government’s management, Chairman of the Board of Directors and General Directors (Directors) of credit institutions authorised to engage in foreign exchange activity shall be responsible for the implementation of this Decision.
THE GOVERNOR OF THE STATE BANK |
