Decision No. 162 TC/KBNN of the Minister of Finance in 1995 suspends the issuance of Treasury bills with a six-month term from March 31, 1995. Holders of maturing Treasury bills will still be paid once for both principal and interest, while Treasury bills that have matured but not been settled will be converted to one-year Treasury bonds.
Key points
- The Minister of Finance → suspends the issuance of Treasury bills with a six-month term from March 31, 1995
- Holders of maturing Treasury bills → will be paid once for both principal and interest
- State Treasury → converts the principal and interest to one-year Treasury bonds with an annual interest rate of 21% from April 1, 1995
- Director of the State Treasury, Heads of departments under the Ministry of Finance, Chiefs of State Treasury → are responsible for implementing this Decision
🌐 Social impact of this document
- Citizens and businesses will no longer be issued Treasury bills with a six-month term
- There will be a conversion from six-month Treasury bills to one-year Treasury bonds, affecting the financial management of organizations and individuals
❓ Frequently asked questions
When will the issuance of Treasury bills with a six-month term be suspended?
The issuance of Treasury bills with a six-month term will be suspended from 16:30 on March 31, 1995.
Holders of maturing Treasury bills will be paid once for both principal and interest.
Holders of maturing Treasury bills will be paid once for both principal and interest.
Treasury bills with a six-month term that are not settled upon maturity will be converted to which type of Treasury bond?
Treasury bills with a six-month term that are not settled upon maturity will be converted to one-year Treasury bonds with an annual interest rate of 21%.
What is the specific time for converting from six-month Treasury bills to one-year Treasury bonds?
The specific time for conversion is from April 1, 1995.
Full text
| MINISTRY OF FINANCE | SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness |
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NUMBER: 162TC/KBNN |
HA NOI, MARCH 2, 1995 |
Pursuant to …;
ISSUED BY THE MINISTER OF FINANCE NUMBER 162 TC/KBNN
MARCH 2, 1995 REGARDING THE SUSPENSION OF THE ISSUE OF TREASURY BILLS WITH A SIX-MONTH MATURITY PERIOD
THE MINISTER OF FINANCE
BASED ON DECREE NO. 178/HĐBT OF OCTOBER 28, 1994 OF THE GOVERNMENT DEFINING THE FUNCTIONS, TASKS AND ORGANIZATIONAL STRUCTURE OF THE MINISTRY OF FINANCE;
BASED ON DECISION NO. 07/HĐBT OF JANUARY 4, 1990 OF THE STATE COUNCIL (NOW THE GOVERNMENT) ESTABLISHING THE NATIONAL TREASURY SYSTEM UNDER THE MINISTRY OF FINANCE;
AT THE PROPOSAL OF THE DIRECTOR OF THE NATIONAL TREASURY CIRCULAR,
Pursuant to …;
Article 1.- SUSPEND THE ISSUE OF TREASURY BILLS WITH A SIX-MONTH MATURITY PERIOD, INTEREST RATE OF 1.7% PER MONTH, PAID IN ADVANCE AS PER DECISION NO. 432 TC/KBNN OF MAY 28, 1994 OF THE MINISTER OF FINANCE FROM 16:30 ON MARCH 31, 1995 IN THE 30 PROVINCES AND CITIES WHERE THIS TYPE OF TREASURY BILL IS CURRENTLY BEING ISSUED.
Article 2.- HOLDERS OF TREASURY BILLS WITH A SIX-MONTH MATURITY PERIOD THAT ARE DUE FOR PAYMENT SHALL BE PAID THE PRINCIPAL AND INTEREST OF THE TREASURY BILLS IN ONE INSTALLMENT.
IN CASES WHERE THE HOLDER OF THE TREASURY BILLS DOES NOT COME TO COLLECT THE PAYMENT UPON MATURITY, THE NATIONAL TREASURY SHALL PROCEDURE TO TRANSFER THE PRINCIPAL AND INTEREST INTO A ONE-YEAR TREASURY BOND WITH AN INTEREST RATE OF 21% PER YEAR ISSUED FROM APRIL 1, 1995 AS PER DECISION NO. 141 TC/KBNN OF FEBRUARY 22, 1995 OF THE MINISTER OF FINANCE.
Article 3.- THE DIRECTOR OF THE NATIONAL TREASURY CIRCULAR, HEADS OF THE ORGANIZATIONS UNDER THE MINISTRY OF FINANCE, AND THE DIRECTORS OF THE NATIONAL TREASURY BRANCHES IN THE 30 PROVINCES AND CITIES RESPONSIBLE FOR ISSUING THE TREASURY BILLS SHALL BE RESPONSIBLE FOR IMPLEMENTING THIS DECISION.
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Hồ Tế (Signed) |
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