SBV denies ill-intended rumors

It is being illy reported by certain bloggers that the State Bank of Vietnam (SBV) is going to issue VND 1 million-denominated banknotes. The SBV reserves its right to confirm that this is an ill-intended rumor aimed at causing negative impact on the confidence of the market and the public, hence enormously affecting the financial-monetary stability in particular and the socio-economic security in general.

In addition, the SBV also denies the rumor of insufficient availability of foreign currencies for importing petroleum. The SBV wishes to state that commercial banks have supplied enough foreign currencies for enterprises to import petroleum for pile stocking and consumption in the domestic market.

Diem Hang

sbv

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