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State Bank of Vietnam      Socialist Republic of Vietnam

    No.147/QD-NH7         Independence-freedom-Happiness

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                                   Hanoi, 2nd July 1994.

DECISION Of THE GOVERNOR Of STATE BANK Of VIETNAM STIPULATING THE EXCHANGE RATE fOR TRADING IN fOREIGN CURRENCIES Of THE STATE fUND fOR REGULATION Of fOREIGN CURRENCIES

• - Pursuant to the Ordinance on the state Bank published according to the Order No 37/LCT HDNN8 dated 24 May, 1990 of the chairman of the Council of State;

• - To strengthen the source of foreign currencies for state concentrated fund;

• - Considering proposal of the Director of foreign currencies Department.

DECIDES

• Article 1

  To reprovide Article 8 in temporary Regulations on the use of state concentrated fund for regulation of foreign currencies promulgated in attachment to the Decision No 01/QD-NH dated 3 January, 1992 of the Governor of State Bank with the following conten ts :

  • - The exchange rate to Purchase foreign currencies of regulated fund: The purchase of foreign currencies for regulated fund at the Central bank or at provincial branch offices of the state Bank which is authorized shall be in conformity with official ra te published by the state bank on the date of transaction.

  • - The exchange rate to sell foreign currencies from regulated fund: foreign currencies from regulated fund transferred to be sold at the centers for foreign currencies transaction shall be in conformity with official rate published by the state on the dat e of their transfer.

  foreign currencies from regulated fund sold to commercial bank shall be implemented according to official rate published by the state bank on the date of transaction plus 0.1 per cent.

• Article 2

  This Decision shall come into full force and effect from the date of its signing. Any documents previously promulgated contrary to this Decision shall be abrogated.

• Article 3

  Chief clerk, Director of foreign currencies management Department, Director of Banking financial Accounting Department, transaction office of the state Bank, other Departments concerned of the state bank, chairmen of steering Board of two Centers for fore ign currencies transaction in Hanoi and Ho Chi Minh City, shall be responsible for the implementation of this Decision.

• for the State Bank of Vietnam
• Deputy Governor

• LE VAN CHAU
• (Signed)