Decree No. 015/SL of 1959 permits the State Bank of Vietnam to issue new currency to replace the currently circulating currency, with an exchange rate of one new unit for one thousand old units. This document aims to strengthen the economy and stabilize the currency.
适用范围
State Bank of Vietnam
要点
- The State Bank of Vietnam is permitted to issue new banknotes in denominations of 10 đồng, 5 đồng, 2 đồng, 1 đồng, 5 hào, 1 hào, and coins (Article 1).
- The exchange rate between old currency and new currency is one new unit for one thousand old units (Article 2).
- Old banknotes shall be exchanged according to the ratio specified in Article 2 (Article 3).
- The Prime Minister is responsible for implementing this decree (Article 4).
🌐 本文件的社会影响
- New currency helps stabilize prices and promote economic development.
- Citizens and businesses must change their habit of using old currency to new currency, creating a short-term administrative burden.
❓ 常见问题
What types of new currency are there?
The new currency includes banknotes in denominations of 10 đồng, 5 đồng, 2 đồng, 1 đồng, 5 hào, 1 hào, and coins.
What is the exchange rate between old currency and new currency?
One new unit for one thousand old units.
全文
DECREE-LAW
OF THE PRESIDENT OF THE COUNCIL NO. 015/SL DATED FEBRUARY 27, 1959
THE PRESIDENT OF THE DEMOCRATIC REPUBLIC OF VIETNAM
WHEREAS the situation of prices and currency has fundamentally stabilized, and the national economy in North Vietnam is currently on a path of development following significant victories during the economic recovery period and the first year of the three-year plan;
CONSIDERING that it is necessary to further consolidate the currency to promote the transformation and development of the socialist economy, thereby strengthening North Vietnam in all aspects as a solid foundation for the cause of national reunification;
PURSUANT TO the resolution of the Council of Ministers;
ISSUES THE DECREE-LAW:
Article 1
The State Bank of Vietnam is authorized to issue new currency.
The newly issued currency includes banknotes in denominations of ten dong, five dong, two dong, one dong, five hao, and one hao, as well as coins in denominations of five xu, two xu, and one xu made of metal or paper.
Article 2
The unit of currency changes at the ratio of one new State Bank dong to one thousand old State Bank dongs.
Article 3
In accordance with the above ratio, exchange all types of old banknotes issued by the State Bank.
Article 4
The Prime Minister shall implement this decree-law.
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PHAM VAN DONG (Signed)
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关系图
本文件暂无关联图。