DECISION

ON THE ADJUSTMENT OF THE DISCOUNT INTEREST RATE OF THE STATE BANK FOR CREDIT INSTITUTIONS BEING BANKS

THE GOVERNOR OF THE STATE BANK

- Pursuant to the Law on the State Bank of Vietnam dated 12 December, 1997;
- Pursuant to the Decree No. 86/2002/ND-CP dated 05 November, 2002 of the Government on the functions, assignments, authorities and organizational structure of the ministries and ministerial-level agencies;
- Upon the proposal of the Director of the Monetary Policy Department,

DECIDES:

Article 1. To adjust the discount interest rate of the State Bank for credit institutions to 3.00% per year.

Article 2. This Decision shall be effective from 01 August, 2003 and supercede the Decision No. 838/2001/QD-NHNN dated 29 June, 2001 of the Governor of the State Bank on the discount interest rate of the State Bank for credit institutions being banks.

Article 3. The Director of the Administration Department, Directors of units of the State Bank of Vietnam, General Managers of the State Bank branches in provinces and cities, Chairperson of the Board of Directors and General Directors (Directors) of credit institutions shall be responsible for the implementation of this Decision.

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FOR THE GOVERNOR OF THE STATE BANK
DEPUTY GOVERNOR




Phung Khac Ke