(TBTCO) – The State Bank of Vietnam is developing a draft circular regulating the management of newly printed money series. Accordingly, it is expected that there will be some amendments and additions compared to the old documents.
Accordingly, the draft circular will replace a number of legal bases that have expired and separate the scope of regulation and subjects of application into two separate articles.
|There will be new regulations on managing newly printed money series. Photo: TL
|Officially implementing new regulations on foreign exchange management There will be new regulations on the National Interbank Electronic Payment System
In addition, the draft will amend the applicable subjects and add a number of terms and concepts related to money printing and minting management.
The document being developed is also expected to have clarifying regulations on cases of delivery and receipt of newly printed money; Supplementing general regulations on research and application of information technology in managing newly printed banknote series, to meet the needs of storage and lookup… The application of information technology must comply with relevant regulations on This issue ensures enhancing the proactiveness and role of the State Bank to deploy new contents in the next period.
The draft also has an additional section on the responsibilities of the Department of Issuance and Treasury in managing and storing the issued series of money by the State Bank and being the focal point to coordinate with units in providing information related to money series. newly printed. This agency must also be the focal point to coordinate with relevant units to proactively research and apply information technology to improve the quality and efficiency of information management and storage./.