Decree No. 181/SL in 1948 permits the issuance and circulation of two types of paper cash, namely five hao (0đ50) and two hao (0đ20), nationwide to meet currency needs.
Scope of application
State Treasury and private individuals
Key points
- Ministry of Finance → responsible for issuing paper cash denominations of five hao and two hao.
- State Treasury and private individuals → must compulsorily accept paper cash denomination of twenty silver dollars (20 đb).
- Individuals who counterfeit or destroy the value of paper cash → shall be prosecuted before military courts.
- The State Treasury and private individuals may use additional new types of paper cash for daily circulation.
- Enhance the ability to meet currency needs among the populace.
- Minimize the risk of a shortage of cash due to the issuance of smaller denominations.
🌐 Social impact of this document
- The State Treasury and private individuals may use additional new types of paper cash for daily circulation.
- Enhance the ability to meet currency needs among the populace.
- Minimize the risk of a shortage of cash due to the issuance of smaller denominations.
❓ Frequently asked questions
What types of paper cash does this decree permit issuing?
Paper cash denomination of five hao (0đ50) and two hao (0đ20).
Which entity is responsible for issuing paper cash?
Ministry of Finance.
Who must compulsorily accept the paper cash denomination of twenty silver dollars?
State Treasury and private individuals.
What actions are prosecuted before military courts under this decree?
Individuals who counterfeit or destroy the value of paper cash.
Full text
DECREE-LAW
NO.: 181 DATE: MAY 2, 1948
OF THE CHAIRMAN OF THE GOVERNMENT OF THE DEMOCRATIC REPUBLIC OF VIETNAM
CHAIRMAN OF THE GOVERNMENT OF THE DEMOCRATIC REPUBLIC OF VIETNAM
CONSIDERING the need for currency,
AT THE PROPOSAL of the Minister of Finance,
AFTER CONSULTATION with the Standing Committee of the National Assembly and the Council of Ministers,
ISSUES THIS DECREE-LAW:
Article 1
The issuance and circulation of paper hào denominations of five hào (0đ50) and two hào (0đ20) are hereby permitted throughout Vietnam.
Article 2
The Ministry of Finance is responsible for issuing the paper hào.
Article 3
The total amount of paper hào to be issued and the characteristics of each denomination shall be determined by a decree of the Minister of Finance.
Article 4
The State Treasury and individuals are required to accept the paper hào denomination of twenty đồng bạc (20 đb).
Article 5
Any person who produces counterfeit paper hào or engages in actions that undermine the value of the paper hào shall be prosecuted before a military court.
Article 6
The Minister of Finance, the Minister of Interior Affairs, and the Minister of Justice are responsible for implementing this decree-law.
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Ho Chi Minh (Signed)
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