Decision No. 170/2003/QD-NHNN of February 28, 2003, on the announcement of the base interest rate in Vietnam dong

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Decision No. 170/2003/QD-NHNN of February 28, 2003, on the announcement of the base interest rate in Vietnam dong
Issuing body: State Bank of VietnamEffective date:
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Official number:170/2003/QD-NHNNSigner:Le Duc Thuy
Type:DecisionExpiry date:
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Issuing date:28/02/2003Effect status:
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Fields:Finance - Banking
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THE STATE BANK OF VIETNAM
------------
SOCIALIST REPUBLIC OF VIETNAM
Independence- Freedom Happiness
----------------
No. 170/2003/QD-NHNN
Hanoi, February 28, 2003
 
DECISION
ON THE ANNOUNCEMENT OF THE BASE INTEREST RATE IN VIETNAM DONG
THE GOVERNOR OF THE STATE BANK
- Pursuant to the Law on the State Bank of Vietnam and Law on the Credit Institutions dated 12 December, 1997;
- Pursuant to the Decree No. 86/2002/ND-CP dated 05 November, 2002 of the Government on the function, assignment, authority and organization structure of the ministries and ministry-level agencies;
- Upon the proposal of the Director of the Monetary Policy Department,
DECIDES
Article 1. To announce the base interest rate in Vietnam Dong, to be of 0.62% per month (7.44% per year)
Article 2.
1. This Decision shall be effective from 01 March, 2003 and replace the Decision No. 93/2003/QD-NHNN dated 29 January, 2003 on the base interest rate level of the Governor of the State Bank.
2. Heads of units of the State Bank, General Manager of State Bank branches in provinces, cities under the central Governments management, Board of Directors and General Directors (Directors) of credit institutions shall be responsible for the implementation of this Decision.
 

 
THE GOVERNOR OF THE STATE BANK




Le Duc Thuy
 
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