This decree comes into effect to not recognize the value of banknotes issued by the Indochina Bank in Vietnam from the date of publication. Documents stipulating the storage and circulation of these banknotes after the deadline set by the Minister of Finance will be subject to criminal liability.
Scope of application
Citizens, businesses, and organizations in Vietnam
Key points
- Banknotes of Indochina issued by the Indochina Bank → have no value for use throughout Vietnam → from the date this decree is published (Article 1)
- Anyone who continues to store and circulate the aforementioned banknotes after the deadline set by the Minister of Finance → will be prosecuted before Military Courts (Article 2)
- The Minister of Finance → has the authority to determine which types may temporarily be allowed to circulate (Article 3)
- Details on implementing this decree → will be specified later by the Minister of Finance (Article 4)
- This decree will be urgently published according to Article 14 of Decree No. 47 dated October 10, 1945 (Article 5)
🌐 Social impact of this document
- Citizens and businesses will no longer use Indochina banknotes, limiting the circulation of counterfeit money.
- Those who store or circulate banknotes after the prescribed deadline may be subject to criminal liability.
❓ Frequently asked questions
This decree does not recognize the value of which type of banknote?
Banknotes of Indochina issued by the Indochina Bank (Article 1)
Who will be prosecuted before Military Courts if they continue to circulate banknotes after the prescribed deadline?
People who store and circulate banknotes after the deadline set by the Minister of Finance (Article 2)
What authority does the Minister of Finance have related to the circulation of banknotes?
Has the authority to determine which types may temporarily be allowed to circulate (Article 3)
Full text
DECREE
NUMBER: 180/SL DATE: APRIL 30, 1948
OF THE CHAIRMAN OF THE GOVERNMENT OF THE DEMOCRATIC REPUBLIC OF VIETNAM
PRESIDENT OF THE VIETNAM DEMOCRATIC REPUBLICIC GOVERNMENT
CONSIDERING THE CURRENT FINANCIAL SITUATION,
AT THE PROPOSAL OF THE MINISTER OF FINANCE,
AFTER CONSULTATIONS BETWEEN THE STANDING COMMITTEE OF THE NATIONAL ASSEMBLY AND THE COUNCIL OF MINISTERS,
ISSUES THE DECREE:
Article 1
FROM THE DATE THIS DECREE TAKES EFFECT, ALL TYPES OF DONG DƯƠNG BANK NOTES ISSUED BY THE DONG DƯƠNG BANK SHALL BE DEEMED INVALID THROUGHOUT VIETNAM.
Article 2
ANY PERSON WHO STILL POSSESSES AND CIRCULATES THE TYPES OF BANK NOTES MENTIONED IN ARTICLE 1 AFTER A PERIOD SET BY THE MINISTER OF FINANCE SHALL BE PROSECUTED BEFORE THE MILITARY COURT.
Article 3
A DECREE OF THE MINISTER OF FINANCE WILL DETERMINE WHICH TYPES MAY TEMPORARILY BE ALLOWED TO CIRCULATE.
Article 4
THE DETAILS FOR IMPLEMENTING THIS DECREE WILL BE DETERMINED LATER BY THE MINISTER OF FINANCE.
Article 5
THIS DECREE SHALL BE PROMULGATED URGENTLY IN ACCORDANCE WITH ARTICLE 14 OF THE DECREE OF OCTOBER 10, 1945 (DECREE NO. 47).
Article 6
THE MINISTER OF JUSTICE AND THE MINISTER OF FINANCE ARE CHARGED WITH THE IMPLEMENTATION OF THIS DECREE.
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Ho Chi Minh City (Signed)
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