Decision No. 239/2000/QD-NHNN stipulates the discount rate of the State Bank for credit institutions, effective from August 1, 2000. The adjusted interest rate is 0.35% per month.
Scope of application
The State Bank of Vietnam and credit institutions
Key points
- The State Bank sets the discount rate for credit institutions at 0.35% per month (Article 1).
- This Decision replaces Decision No. 102/2000/QD-NHNN on the discount rate of the State Bank for credit institutions (Article 2).
- This Decision takes effect from August 1, 2000 (Article 2).
- The State Bank and related units must implement this Decision (Article 3).
- The Chairman of the Board of Directors, General Director or Director of credit institutions are responsible for implementing this Decision (Article 3).
🌐 Social impact of this document
- To stabilize the discount rate for credit institutions.
- It may cause changes in the financial activities of credit institutions.
❓ Frequently asked questions
What is the specified discount rate?
The discount rate is set at 0.35% per month (Article 1).
Which decision does this replace?
Replaces Decision No. 102/2000/QD-NHNN on the discount rate of the State Bank for credit institutions (Article 2).
When does this decision take effect?
Takes effect from August 1, 2000 (Article 2).
Full text
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./.
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