This decree permits the State Bank of Vietnam to issue banknotes with a denomination of five thousand dong (5,000 đ). The document takes effect from the date of issuance.
Scope of application
State Bank of Vietnam
Key points
- The State Bank of Vietnam is permitted to issue banknotes with a denomination of five thousand dong (5,000 đ) — Article 1
- The General Director of the State Bank of Vietnam must implement this decree — Article 2
- President Ho Chi Minh signed and promulgated this decree — Article 3
- The Council of Ministers issued a resolution to permit the issuance of new banknotes — Article 4
- The State Bank of Vietnam must comply with previous regulations on currency issuance (Decree No. 15-SL and Decree No. 92-SL) — Article 5
🌐 Social impact of this document
- Enhance capital supply capacity for the economy
- Ensure smoother circulation of money
- Facilitate the State Bank of Vietnam's ability to regulate the amount of currency in circulation more easily
❓ Frequently asked questions
What type of banknote is permitted to be issued by the State Bank of Vietnam?
Banknotes with a denomination of five thousand dong (5,000 đ)
Who signed and promulgated this decree?
President Ho Chi Minh
Full text
DECREE-LAW
OF THE CHAIRMAN OF THE VIETNAMESE DEMOCRATIC REPUBLIC GOVERNMENT
NUMBER 192/SL DATED DECEMBER 1, 1953
THE CHAIRMAN OF THE VIETNAMESE DEMOCRATIC REPUBLIC
Pursuant to Decree-Law No. 15-SL dated May 6, 1951 establishing the State Bank of Vietnam;
Pursuant to Decree-Law No. 92-SL dated May 25, 1952 stipulating that the State Bank of Vietnam is authorized to issue various types of banknotes;
At the proposal of the General Director of the State Bank of Vietnam;
In accordance with a resolution of the Council of Ministers,
ISSUES THE FOLLOWING DECREE-LAW:
Article 1
The State Bank of Vietnam is authorized to issue banknotes in the denomination of Five Thousand (5,000 đ).
Article 2
The General Director of the State Bank of Vietnam shall implement this Decree-Law.
Ho Chi Minh
(Signed)
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