Quantcast
Channel: Kinhbac English
Viewing all articles
Browse latest Browse all 10564

Article 7

$
0
0
 Fake and suspected fake banknotes to be sequestered

 
A banknote of nominal value of VND50,000 issued by the State Bank of Vietnam.Tuoi Tre
The State Bank of Vietnam (SBV) today issued a circular to allow local banks to sequester counterfeit and suspected counterfeit Vietnam banknotes. The document will come into effect as of January 20, 2014.
According to the definition of the SBV, a counterfeit banknote is the one that is not approved and issued by the SBV, and a suspected counterfeit banknote is the one that is not yet confirmed if it is genuine.
SBV requires all banks in Vietnam to temporarily seize all the counterfeit and suspected counterfeit notes and report them to the SBV.
Local banks are also required to organize training courses for staff to detect counterfeit banknotes.
TUOI TRE

Viewing all articles
Browse latest Browse all 10564