Resolution No. 230/NQ-QHK6 stipulates on unifying currency nationwide, exchanging bank money currently circulating in two regions of Vietnam, and issuing new money from the State Bank of Vietnam.
Scope of application
State Bank of Vietnam
Key points
- The State Bank → must exchange the money currently circulating in two regions of Vietnam → Article 1
- The State Bank → issue new money throughout the country → Article 1
- Council of Ministers → organize the implementation of this Resolution → Article 2
🌐 Social impact of this document
- Unifying currency helps stabilize the economy, facilitate transactions, and financial management.
- The State Bank must exchange old money which is time-consuming and costly.
- People holding cash need to exchange it for the new type will face short-term inconveniences.
❓ Frequently asked questions
What does this Resolution stipulate?
Stipulates on unifying currency, exchanging bank money currently circulating in two regions of Vietnam, and issuing new money from the State Bank of Vietnam.
Who is responsible for exchanging money?
The State Bank must carry out the money exchange as provided for in Article 1.
What role does the Council of Ministers play in this Resolution?
The Council of Ministers is tasked with organizing the implementation of this Resolution as provided for in Article 2.
Who is responsible for issuing new money?
The State Bank of Vietnam is responsible for issuing new money as provided for in Article 1.
Full text
RESOLUTION
OF THE STANDING NATIONAL ASSEMBLY COMMITTEE
NATIONAL ASSEMBLY STANDING COMMITTEE
SOCIALIST REPUBLIC OF VIET NAM
Pursuant to Article 53 of the 1959 Constitution;
At the proposal of the Council of Ministers;
RESOLUTION:
Clause 4 of Article 6Unify currency throughout the country, collect and exchange the State Bank's currency currently in circulation in both regions of Vietnam, and issue new currency of the State Bank of Vietnam.
Article 2. Entrust the Council of Ministers with organizing the implementation of this Resolution.
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Translations
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