SBV assures market of enough cash in circulation

The Governor of the State Bank of Vietnam (SBV) made an announcement on January 21 to assert that SBV is able to provide adequate cash to meet the requirement of credit institutions and the State Treasury on the occasion of the New Year of the Buffalo.

The announcement was made following recent rumor spread in the market that there is a shortage of VND cash in circulation. SBV Governor Nguyen Van Giau instructed the SBV Management Board to get prepared to meet all the cash need of the market.

Accordingly, the Governor committed that SBV will supply enough cash in terms of both money structure and denominations to credit institutions and the State Treasury on the occasion of the Lunar New Year and the coming months of 2009.

Mai Huong

sbv

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