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blue-check Conditions for foreign currency trading between the SBV and commercial banks from February 15th, 2022

Circular No. 26/2021/TT-NHNN dated December 31st, 2021 of the State Bank on guiding foreign currency trading between the State Bank of Vietnam and credit institutions permitted to engage in foreign exchange
Posted: 7/1/2022 10:01:29 AM | Latest updated: 1/3/2022 9:42:14 AM (GMT+7) | LuatVietnam: 5374 | Vietlaw: 549
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This Circular provides for registration for foreign currency trading, trading method, term of trade and procedures for foreign currency trading between the State Bank of Vietnam (SBV) and commercial banks.

Accordingly, permitted commercial banks that wishes to establish foreign currency trading connection with SBV shall submit an application under Article 4, Article 5 of this Circular.

Notably, SBV shall only establish foreign currency trading connection with a contact point which is an office or a branch of each permitted commercial bank registered by the permitted commercial bank to SBV.

This Circular takes effect from February 15th, 2022.

To abrogate Circular No. 02/2012/TT-NHNNstatus1 dated February 27th, 2012, Circular No. 27/2013/TT-NHNNstatus1 dated December 5th, 2013 and Circular No. 45/2014/TT-NHNN Circular No. December 29th, 2014.

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Information
Effective Date 15-Feb-2022
ExpiredDate Unknown
Published Vietlaw's Newsletter No. 549
Files attachment
enflag pdficon TT26-31122021NHNN[EN].pdf
Timeline

Foreign Currencies - Gold