Decree No. 102/SL Regarding the Permission for Southern Vietnam to Issue "Promissory Notes" in Southern Vietnam

DECREE

OF THE CHAIRMAN OF THE GOVERNMENT OF THE DEMOCRATIC REPUBLIC OF VIETNAM

NUMBER 102 DATE NOVEMBER 1, 1947

PRESIDENT OF THE VIETNAM DEMOCRATIC REPUBLICIC GOVERNMENT

Considering the current situation,

AT THE REQUEST OF THE MINISTER OF FINANCE,

After consultation between the Standing Committee of the National Assembly and the Council of Ministers;

ISSUES THE DECREE:

Article 1

IT IS HEREBY PERMITTED TO ISSUE IN THE SOUTH THE FOLLOWING "CREDIT NOTES" WHICH SHALL HAVE THE SAME VALUE AS VIETNAMESE BANKNOTES:

CREDIT NOTE OF ONE DONG,

- FIVE DONG,

- TEN DONG,

- TWENTY DONG,

- FIFTY DONG,

- ONE HUNDRED DONG,

- FIVE HUNDRED DONG,

Article 2

THE ABOVE MENTIONED "CREDIT NOTES" SHALL BE EXCHANGEABLE FOR VIETNAMESE BANKNOTES AT FACE VALUE.

Article 3

THE TOTAL VALUE OF THE "CREDIT NOTES" ISSUED PURSUANT TO ARTICLE 1 OF THIS DECREE SHALL NOT EXCEED TWENTY MILLION DONG (20,000,000 DONG).

Article 4

THESE "CREDIT NOTES" SHALL CIRCULATE LIKE VIETNAMESE BANKNOTES.

Article 5

ANYONE WHO ENGAGES IN ACTS THAT DESTROY THE VALUE OF THESE "CREDIT NOTES" SHALL BE PROSECUTED BEFORE THE MILITARY COURT.

Article 6

A DECREE OF THE SOUTH ADMINISTRATIVE COMMISSION SHALL ESTABLISH THE DETAILS FOR IMPLEMENTATION OF THIS DECREE.

, Clause 1, Clause 2 Article 7a of this Regulation.

THE MINISTERS OF FINANCE AND INTERIOR AND THE CHAIRMAN OF THE SOUTH ADMINISTRATIVE COMMISSION SHALL ENFORCE THIS DECREE.

                                                                            Ho Chi Minh City

(Signed)