Decision No. 1653/2005/QĐ-NHNN On Amending Certain Articles of the Regulation on the Organization and Operation of the Monetary Policy Department Issued Together with Decision No. 1131/2004/QĐ-NHNN dated September 9, 2004 of the Governor of the State Bank of Vietnam

Pursuant to …;

Regarding the amendment of certain Articles of the Regulation on Organization and Operation of the Monetary Policy Department issued together with Decision No. 1131/2004/QĐ-NHNN dated September 9, 2004 of the Governor of the State Bank of Vietnam

GOVERNOR OF THE STATE BANK OF VIETNAM

Pursuant to the Law on the State Bank of Vietnam 1997 and the Law Amending and Supplementing Certain Provisions of the Law on the State Bank of Vietnam 2003;

Pursuant to Decree No. 86/2002/NĐ-CP dated November 5, 2002 of the Government stipulating functions, tasks, powers, and organizational structure of Ministries and Ministerial-Level Agencies;

Pursuant to Decree No. 52/2003/NĐ-CP dated May 19, 2003 of the Government stipulating the functions, tasks, powers, and organizational structure of the State Bank of Vietnam;

Considering the proposal of the Director of the Personnel Department and the Director of the Monetary Policy Department,

DECISION:

Article 1Amend certain Articles of the Regulation on Organization and Operation of the Monetary Policy Department issued together with Decision No. 1131/2004/QĐ-NHNN dated September 9, 2004 of the Governor of the State Bank of Vietnam as follows:

1. Article 1 shall be amended as follows:

"Article 1. The Monetary Policy Department is a unit within the organizational structure of the State Bank of Vietnam, having the function of advising the Governor in building and implementing national monetary policy; performing state management functions in the fields of credit, statistical information, and international balance of payments."

2. Point k of Clause 1, Article 3 shall be amended as follows:

"k. Study and analyze the financial, monetary, and credit situation of banks in countries and regions, fluctuations in interest rates and exchange rates on key money markets, as well as international and regional financial and monetary movements to serve as a basis for formulating monetary policy."

3. Repeal Clause 3, Article 3.

Article 2This Decision shall take effect fifteen days from the date of publication in the Official Gazette.

Article 3The Head of the Office, the Directors of the Personnel Department and the Monetary Policy Department, and the Heads of units under the State Bank of Vietnam are responsible for implementing this Decision./.