| THE STATE BANK | SOCIALIST REPUBLIC OF VIET NAM |
| No: 1277/2002/QD-NHNN | Hanoi, November 18, 2002 |
DECISION
ADJUSTING THE COMPULSORY RESERVE RATE FOR FOREIGN CURRENCY DEPOSITS OF CREDIT INSTITUTIONS
THE GOVERNOR OF THE STATE BANK
Pursuant to State Bank Law No. 01/1997/QH10 and Credit Institution Law No. 02/1997/QH10 of December 12, 1997;
Pursuant to the Government’s Decree No. 15/CP of March 2, 1993 on the tasks, powers and State management responsibilities of the ministries and ministerial-level agencies;
At the proposal of the director of the Department for Monetary Policies,
DECIDES:
Article 1.- To adjust the compulsory reserve rate for demand and under-12 month term foreign currency deposits of State-run commercial banks, urban joint-stock commercial banks, rural joint-stock commercial banks, cooperative banks, branches of foreign banks, joint-venture banks, financial companies and the central people’s credit fund to 5% of the total foreign currency deposit balance subject to compulsory reserve.
Article 2.- This Decision shall be applied to calculate the compulsorily reserved amounts as from the compulsory reserve maintenance period of December 2002 and replace Decision No. 270/2002/QD-NHNN of April 1, 2002 of the State Bank Governor.
Article 3.- The director of the Office, the State Bank Chief Inspector, the heads of units under the State Bank, the directors of the State Bank’s provincial/municipal branches, and the general directors (directors) of credit institutions shall have to implement this Decision.
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STATE BANK GOVERNOR
Le Duc Thuy
- 1 Decision No. 581/2003/QD-NHNN of June 09, 2003, on the issuance of the regulation on reserve requirement of credit institutions
- 2 Decision No. 1472/2001/QD-NHNN of November 23, 2001, on the adjustment of the required reserve ratios for foreign currency deposits of credit institutions
- 3 Decision No. 269/2001/QD-NHNN of the State Bank, promulgating the regime of delivery, reception, custody and transportation of cash, precious assets, valuable papers
- 4 Decision No. 496/2000/QD-NHNN1 of December 01, 2000, on the required reserve ratios of foreign currency deposits of credit institutions
- 1 Decision No. 581/2003/QD-NHNN of June 09, 2003, on the issuance of the regulation on reserve requirement of credit institutions
- 2 Decision No. 269/2001/QD-NHNN of the State Bank, promulgating the regime of delivery, reception, custody and transportation of cash, precious assets, valuable papers
- 3 Law No. 06/1997/QH10 of December 12, 1997 on The State Bank of Vietnam
- 4 Law No. 07/1997/QH10 of December 12, 1997 on credit institutions