Decision No. 45/QD-NH stipulates the principles for setting foreign exchange buying and selling rates for credit institutions permitted to operate in foreign exchange, allowing a spread of up to 5% compared to the official rate. The foreign exchange buying and selling rates of the State Bank's Trading Department are directed by the Governor according to the foreign exchange policy orientation at each period.
适用范围
Credit institutions permitted to operate in foreign exchange, State Bank's Trading Department
要点
- Credit institutions permitted to operate in foreign exchange may set foreign exchange buying and selling rates within ±5% of the official rate.
- The difference between the buying rate and the selling rate for transferable foreign currency shall not exceed 0.1% of the buying rate.
- The difference between the buying rate and the selling rate for cash foreign currency shall not exceed 0.5% of the buying rate.
- The foreign exchange buying and selling rates of the State Bank's Trading Department are directed by the Governor according to the foreign exchange policy orientation at each period.
🌐 本文件的社会影响
- operating in foreign exchange will benefit from being able to set buying and selling rates within the allowed range, which helps them be more flexible in transactions.
- However, for customers using the services of these credit institutions, the spread in exchange rates may affect the cost of converting foreign currency.
❓ 常见问题
How can credit institutions permitted to operate in foreign exchange set their buying and selling rates?
Credit institutions permitted to operate in foreign exchange may set foreign exchange buying and selling rates within ±5% of the official rate.
What is the difference between the buying rate and the selling rate for transferable foreign currency?
The difference between the buying rate and the selling rate for transferable foreign currency shall not exceed 0.1% of the buying rate.
What is the difference between the buying rate and the selling rate for cash foreign currency?
The difference between the buying rate and the selling rate for cash foreign currency shall not exceed 0.5% of the buying rate.
How are the foreign exchange buying and selling rates of the State Bank's Trading Department determined?
The foreign exchange buying and selling rates of the State Bank's Trading Department are directed by the Governor according to the foreign exchange policy orientation at each period.
When does this decision take effect and what decision does it replace?
This decision takes effect from the date of signature and replaces Decision No. 311/QD-NH7 dated November 21, 1996, of the Governor of the State Bank.
全文
Pursuant to …;
REGARDING THE PRINCIPLES FOR DETERMINING FOREIGN EXCHANGE PURCHASE AND SALE RATES OF ORGANIZATIONS PERMITTED TO DEAL IN FOREIGN EXCHANGE
credit institutions permitted to conduct foreign exchange business
_________________
GOVERNOR OF THE STATE BANK OF VIETNAM
Pursuant to the State Bank Law promulgated by the Chairman of the State Council under Decree No. 37/HĐNN8 dated May 24, 1990;
WHEREAS, Decree No. 15/CP dated March 2, 1993 of the Government on the tasks, powers, and responsibilities for state management by ministries and ministerial-level agencies;
Pursuant to …;
Article 1. NOW, THE GOVERNOR GRANTS PERMISSION TO THE GENERAL DIRECTORS (DIRECTORS) OF ORGANIZATIONS PERMITTED TO DEAL IN FOREIGN EXCHANGE TO DETERMINE FOREIGN EXCHANGE PURCHASE AND SALE RATES WITHIN A BAND OF PLUS OR MINUS 5% (FIVE PERCENT) FROM THE OFFICIAL EXCHANGE RATE ANNOUNCED DAILY BY THE GOVERNOR OF THE STATE BANK OF VIETNAM.
- DIFFERENCE BETWEEN THE PURCHASE RATE AND THE SALE RATE:
+ FOR TRANSFERABLE FOREIGN CURRENCY: THE MAXIMUM SALE RATE IS EQUAL TO THE PURCHASE RATE PLUS 0.1% OF THE PURCHASE RATE.
+ FOR CASH FOREIGN CURRENCY: THE MAXIMUM SALE RATE IS EQUAL TO THE PURCHASE RATE PLUS 0.5% OF THE PURCHASE RATE.
Article 2. THE FOREIGN EXCHANGE PURCHASE AND SALE RATES OF THE STATE BANK OF VIETNAM'S TRADING DEPARTMENT SHALL BE DIRECTED BY THE GOVERNOR OF THE STATE BANK OF VIETNAM IN ACCORDANCE WITH THE EXCHANGE RATE POLICY DIRECTION FOR EACH PERIOD.
Article 3. THIS DECISION SHALL TAKE EFFECT FROM THE DATE OF ISSUANCE AND REPLACE Decision No. 311/QD-NH7 dated November 21, 1996 of the Governor of the State Bank of Vietnam.
Article 4. THE HEADS OF THE GOVERNOR'S OFFICE, DIRECTORS OF THE FOREIGN EXCHANGE MANAGEMENT DEPARTMENT, DIRECTORS OF OTHER DEPARTMENTS AND CIRCULARS OF THE CENTRAL BANK, THE STATE BANK OF VIETNAM'S TRADING DEPARTMENT, DIRECTORS OF THE STATE BANK OF VIETNAM BRANCHES IN PROVINCES AND CITIES, GENERAL DIRECTORS AND DIRECTORS OF ORGANIZATIONS PERMITTED TO DEAL IN FOREIGN EXCHANGE, JOINT-VENTURE BANKS, AND FOREIGN BANK BRANCHES ARE RESPONSIBLE FOR IMPLEMENTING THIS DECISION.
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