Gov’t to have roadmap for reducing dollarization of the economy

The State Bank of Vietnam was recently urged to put forth a roadmap for reducing dollarization of the economy, then submit it to the PM for approval in April this year, according to the Government’s Resolution No. 77/NQ-CP dated on April 3.

SBV was also assigned to quickly finalize and submit to the Government the draft decree on gold trading management towards strict control over gold bar import and trading, step by step reducing and removing the use of gold as a mean of payment.

The central bank must quickly finalize and submit to the PM for approval of regulations on punishments of such cases as illegal trading of gold and foreign currency and take measures to increase the national foreign currency reserve. – VIR

Tags: Vietnam banking industry, Vietnam finance, Vietnam financial

Posted by VBN on Apr 11 2011. Filed under Banking-Finance. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry