Decision No. 239/2000/QD-NHNN on the discount rate of the State Bank for credit institutions

DECISION OF THE GOVERNOR OF THE STATE BANK

ON THE DISCOUNT RATE OF THE STATE BANK FOR CREDIT INSTITUTIONS

THE GOVERNOR OF THE STATE BANK

Pursuant to the Law on the State Bank No. 01/1997/QH10 dated December 12, 1997;

Pursuant to the Decree No. 15/CP dated March 2, 1993 of the Government regarding tasks, powers and responsibilities for state management by ministries and ministerial-level agencies;

Pursuant to Decision No. 356/1999/QĐ-NHNN14 dated October 6, 1999 of the Governor of the State Bank on promulgating regulations on discount and rediscount operations of the State Bank for credit institutions;

At the proposal of the Director of Monetary Policy Department,

DECIDES:

Article 1.- The discount rate of the State Bank for credit institutions is now adjusted to be 0.35% per month.

Article 2.- This Decision takes effect from August 1, 2000 and replaces Decision No. 102/2000/QĐ-NHNN1 dated March 31, 2000 of the Governor of the State Bank on the discount rate of the State Bank for credit institutions.

Article 3.- The Director of the Office of the State Bank, Heads of units under the State Bank of Vietnam, Governors of provincial and municipal branches of the State Bank, Chairmen of management boards and General Managers (Directors) of credit institutions shall be responsible for implementing this Decision./.