Decision No. 465/2000/QD-NHNN of the Governor of the State Bank adjusts the rediscount rate for credit institutions to 0.50% per month, effective from November 6, 2000. This rate replaces the previous decision and applies to the outstanding balance of rediscount loans as of November 5, 2000.
适用范围
Credit institutions
要点
- Credit institutions → shall receive the rediscount rate of 0.50% per month from November 6, 2000.
- The outstanding balance of rediscount loans of credit institutions as of November 5, 2000 → will not be adjusted according to the new interest rate.
- This Decision → takes effect from November 6, 2000 and replaces Decision No. 238/2000/QD-NHNN1.
🌐 本文件的社会影响
- Positive impact: Reduces borrowing costs for credit institutions, helping to lower lending rates for customers.
- Negative impact: Credit institutions with an outstanding balance of rediscount loans as of November 5, 2000 will not benefit from the new interest rate.
❓ 常见问题
What is the new rediscount rate?
The new rediscount rate is 0.50% per month.
When does this Decision take effect?
This Decision takes effect from November 6, 2000.
Will credit institutions that borrowed funds before November 5, 2000 be adjusted to the new interest rate?
No, credit institutions that borrowed funds before November 5, 2000 will not be adjusted to the new interest rate.
Which Decision does this replace?
This Decision replaces Decision No. 238/2000/QD-NHNN1 dated July 31, 2000.
What must credit institutions do to comply with this Decision?
Credit institutions must adjust the rediscount rate to the new level of 0.50% per month from November 6, 2000.
全文
|
STATE BANK OF VIETNAM |
SOCIALIST REPUBLIC OF VIETNAM |
|
Number: 465/2000/QĐ-NHNN1 |
Hanoi, November 2, 2000 |
DECISION OF THE GOVERNOR OF THE STATE BANK OF VIETNAM
Regarding the adjustment of the rediscount rate of the State Bank
concerning credit organizations
GOVERNOR OF THE STATE BANK OF VIETNAM
Pursuant to the Law on the State Bank of Vietnam No. 01/1997/QH10 dated December 12, 1997;
Pursuant to Decree No. 15/CP dated March 2, 1993 of the Government on the tasks, powers, and responsibilities for state management of Ministries and ministerial-level agencies;
At the proposal of the Director of the Monetary Policy Department,
DECISION:
Article 1. The State Bank of Vietnam hereby adjusts the rediscount rate for credit organizations to 0.50% per month
Article 2. This Decision takes effect from November 6, 2000 and replaces Decision No. 238/2000/QĐ-NHNN1 dated July 31, 2000 of the Governor of the State Bank of Vietnam on adjusting the rediscount rate of the State Bank of Vietnam for credit organizations.
Article 3. The outstanding balance of rediscount loans of credit organizations at the State Bank of Vietnam as of the end of November 5, 2000 shall continue to be implemented according to the interest rate specified in the loan agreement, without adjustment to the interest rate stipulated in Article 1 above.
Article 4. The Heads of the Office of the State Bank of Vietnam, Heads of units under the State Bank of Vietnam, Branch Governors of the State Bank of Vietnam in provinces and cities, Chairmen of the Boards of Management and General Directors (Directors) of credit organizations are responsible for implementing this Decision./.
Lê Đức Thuý
(Signed)
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