Change in Cash Handling Procedures According to Bundles of Cash

20:31, 10/07/2024

On August 31, 2017, the State Bank of Vietnam issued Circular 12/2017/TT-NHNN amending and supplementing Circular 01/2014/TT-NHNN regulating the delivery, preservation, and transportation of cash, precious assets, and valuable papers.

According to the new regulations, cash transactions in bundles of 10 tracks, properly sealed or sealed bags are only carried out in the following cases:

- Cash transactions within the Head Office, State Bank branches for circulated money, except for the cases stipulated in points c and d Clause 2 Article 11 of Circular 01;- Cash transactions under transfer orders between the Central Treasury with the Head Office, State Bank branches and vice versa; among Central Treasuries; among State Bank branches, except for the cases stipulated in point d Clause 2 Article 11 of Circular 01;- Cash transactions between the Head Office, State Bank branches with credit institutions, foreign bank branches and vice versa; among credit institutions, foreign bank branches in the same province or city.

Refer to the cases of cash transactions in bags or boxes at Circular 12/2017/TT-NHNN, effective from October 16, 2017.

- Thanh Lam -

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