New stipulation on the required reserve ratio applicable to credit institutions with regard to foreign currency deposits of overseas credit institutions
23:57 13/09/2011
On August 31, 2011, State Bank of Vietnam issued Decision No. 1972/QD-NHNN on the required reserve ratio applicable to credit institutions with regard to foreign currency deposits of overseas credit institutions.
Accordingly, the required reserve ratio applicable to credit institutions with regard to foreign currency deposits of overseas credit institutions shall be 1% over the deposit balance subject to required reserve.
The Decision shall be effective for implementation of the required reserve maintenance period from September 2011./.-ITD