THE STATE BANK OF VIETNAM

Circular No. 01/2014/TT-NHNN dated January 06,2014 of the State Bank of Vietnam prescribing the delivery and receipt, preservation and transportation of cash, precious assets and valuable papers
Pursuant to the Law on the State Bank of Vietnam No. 46/2010/QH12 dated June 16, 2010;
Pursuant to Law on Credit Institutions No. 47/2010/QH12 dated June 16, 2010;
Pursuant to the Government’s Decree No. 156/2013/ND-CP dated January 11, 2013, defining functions, tasks, powers and organizational structure of the State Bank of Vietnam;
Pursuant to the Government’s Decree No. 40/2012/ND-CP dated May 02, 2012, on issue of money; preservation and transportation of precious assets and valuable papers within the system of the State Bank, credit institutions and foreign banks’ branches;
At the proposal of Director of Treasury and Issuance Department;
The Governor of the State Bank of Vietnam promulgates the Circular stipulating the delivery and receipt, preservation and transportation of cash, precious assets and valuable papers,
Chapter 1.
GENERAL PROVISIONS
Article 1. Scope of regulation
1. This Circular stipulates the delivery and receipt, preservation and transportation; inspection, inventory, hand-over and handling superfluity or shortage of the cash, precious assets and valuable papers in the banking domain; the expenses and receipts of cash between the State Bank, credit institutions or foreign banks’ branches and their customers.
2. The packaging, sealing, counting, delivery and receipt of gold, precious metals, precious stones and other precious assets are not under the scope of regulation of this Circular.
Article 2. Subjects of application
1. The State Bank of Vietnam (referred to as the State Bank).
2. Credit institutions and foreign banks’ branches.
3. Customers in the transaction relations of cash, previous assets, valuable papers with the State Bank, credit institutions, foreign banks’ branches.
Article 3. Interpretation of terms
In this Circular, the terms and phrases below shall be construed as follows:
1. “Cash” means banknotes and coins issued by the State Bank.
2. “Banknotes” include cotton banknotes and polymer banknotes issued by the State Bank.
3. “Precious assets” include gold, precious metals, gems, foreign currencies in cash and other types of precious assets.
4. “Valuable papers” include bonds, bills and other types of valuable papers according to legal regulations.
5. “Sheet” means a quantitative unit of banknotes, foreign currencies in cash and valuable papers.
6. “Piece” means a quantitative unit of coins.
7. “Sealing” means the use of sealed papers and/ or lead clamps to record signs on bundles, bags, boxes, sacks or casks of cash packed as prescribed, ensuring those bundles, bags, boxes, sacks or casks of cash being kept intact and fully.
8. “Lead clamping” means a sealing method using specialized pliers clamped in the two ends of a string fastened mouths of bags, sacks or boxes of money with lead balls. After clamping, the name and specific signs of units having money must be clearly and fully embossed on the surface of the lead ball.
9. “Customers” means individuals, organizations, enterprises other than Banking that have transactions in cash, previous assets, valuable papers with the State Bank, credit institutions, foreign banks’ branches.