Decision No. 51/1999/QD-NHNN on the issuance of "Regulations on Compulsory Reserves for Credit Institutions"

DECISION

On the issuance of "Regulations on Compulsory Reserves for Credit Organizations"

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GOVERNOR OF THE STATE BANK

Pursuant to Law No. 01/1997/QH10 on the State Bank and Law No. 02/1997/QH10 on Credit Organizations dated December 12, 1997;

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

At the proposal of the Director of the Monetary Policy Department.

DECISION

Article 1. To issue with this Decision "Regulations on Compulsory Reserves for Credit Organizations".

Article 2. This Decision replaces Decision No. 396/1997/QĐ-NHNN1 dated December 1, 1997 of the Governor of the State Bank regarding the issuance of "Regulations on Compulsory Reserves for Banks and Credit Organizations" and shall take effect from March 1, 1999.

Article 3. The Director of the Office, the Inspector General of the State Bank, Heads of units under the State Bank, Directors of Branches of the State Bank in provinces and cities, General Managers (Directors) of credit organizations shall be responsible for implementing this Decision.