| THE STATE BANK OF VIETNAM ------------ No. 271/QD-NHNN | SOCIALIST REPUBLIC OF VIETNAM Independence- Freedom – Happiness -------------------- Hanoi, 17 February 2011 |
DECISION OF THE GOVERNOR OF THE STATE BANK OF VIETNAM
On refinancing interest rate, interest rate applicable to overnight loan in the inter-bank electronic payment and applicable to the loan for making up capital deficiency
in clearing payment of State Bank of Vietnam for banks
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THE GOVERNOR OF THE STATE BANK
- Pursuant to the Law on the State Bank of Vietnam issued in 2010;
- Pursuant to the Decree No. 96/2008/ND-CP dated 26 August 2008 of the Government providing for the functions, duties, authorities and organizational structure of the State Bank of Vietnam;
- Upon the proposal of the Director of the Monetary Policy Department,
DECIDES:
Article 1. To announce the interest rates of the State Bank of Vietnam as follows:
1. Re-financing interest rate to be of 11.0% per annum.
2. Interest rate applicable to overnight loan in the inter-bank electronic payment and applicable to loan for making up capital deficiency in the clearing payment of State Bank of Vietnam for banks to be of 11.0% per annum.
Article 2. This Decision shall be effective from its signing date, providing for re-financing interest rate and interest rate applicable to overnight loan in inter-bank electronic payment and loan for making up capital deficiency in clearing payment of the State Bank for banks at the Decision No. 2620/QD-NHNN dated 5 November 2010 shall expire.
