Decree No. 50/2014/ND-CP dated May 20, 2014 of the Government on the management of State foreign exchange reserves
SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
Hanoi, May 20, 2014
of the Government on the management of State foreign exchange reserves
Pursuant to the Law on Organization of the Government dated December 25, 2001;
Pursuant to the Vietnam State Bank Law dated June 16, 2010;
Pursuant to the Ordinance on Foreign Exchange dated December 13, 2005 and the Ordinance on amending, supplementing a number of Articles of the Ordinance on Foreign Exchange dated March 18, 2013;
At the proposal of the Vietnam State Bank Governor,
The Government promulgates the Decree on the management of the state foreign exchange reserves.
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Article 1. Scope of application
This Decree stipulates on the State foreign exchange reserves, the management of State foreign exchange reserves, book accounting and announcement of information on State foreign exchange reserves.
Article 2. Management agency on State foreign exchange reserve
The Vietnam State Bank (hereinafter referred to as the State Bank) is the management agency on State foreign exchange reserves under this Decree and other related regulations.
Article 3. Interpretation of terms
Under this Decree, the following terms shall be interpreted as follows:
1. The State foreign exchange reserves are the assets in foreign exchange indicated in the sheet of currency balance of the State Bank including:
a) The official State foreign exchange reserves (hereinafter referred to as official foreign exchange reserves) are the assets in foreign exchange under the State ownership that are under the direct management of the State Bank assigned by the Government;
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