Quyết định 465/2000/QD-NHNN1

DECISION

ON THE ADJUSTMENT OF THE REFINANCING INTEREST RATE OF THE STATE BANK FOR CREDIT INSTITUTIONS

THE GOVERNOR OF THE STATE BANK

Pursuant to the Law on the State Bank of Vietnam No. 01/1997/QH10 dated 12 December, 1997;
Pursuant to the Decree No. 15/CP dated 02 March, 1993 of the Government on the assignment, authority and responsibility for the State management of the ministries and ministry-level agencies;
Upon the proposal of the Director of the Monetary Policy Department,

DECIDES

Article 1. To adjust the refinancing interest rate of the State Bank for credit institutions to 0.5% per month.

Article 2. This Decision shall be effective from 6 November, 2000 and supercede Decision No. 283/2000/QD-NHNN1 dated 31 July, 2000 of the Governor of the State Bank on the adjustment of the refinancing interest rate of the State Bank for credit institutions.

Article 3. Outstanding loans from the refinancing facility of credit institutions due to the State Bank as of 05 November, 2000 shall be subject to the interest rate stated in the credit contract and shall not be adjusted to the interest rate provided for in the Article 1.

Article 4. The Director of the Administration Department, Heads of relevant units of the State Bank of Vietnam, General Managers of the State Bank branches in provinces and cities, Chairman of the Board of Directors and Directors General (Directors) of credit institutions shall be responsible for the implementation of this Decision.