New regulations on cash balancing within SBV system and cash transactions between SBV and customers

 The Circular stipulates in details such contents as cash balancing within the SBV system and cash transactions between SBV and its customers. The Circular also stipulates the operations of input and output of the Reserve Funds for Issuance and the Issuing Funds, the balancing in the Reserve Funds for Issuance and the management of the Issuing Funds’ norms in the SBV system. In addition, the Circular stipulates in details cash transactions between SBV and its customers, and the SBV provincial and municipal branches conducting cash transactions with the primary branch of those credit institutions with many branches in the same location.

Moreover, the Circular regulates in details responsibilities of SBV entities, credit institutions and foreign bank branches in the implementation of the aforesaid contents.

The Circular, following its effective date on September 24, 2012, will replace Decision No.25/2008/QD-NHNN of the SBV Governor dated September 8th, 2008 on cash balancing in circulation, and input and output of the Reserve Funds for Issuance and the Issuing Funds within the SBV system.