The DECISION of the GOVERNOR of the STATE BANK of 406/1998-QD-NHNN1 on November 30, 1998 REGULATION FOREIGN CURRENCY DEPOSIT INTEREST RATE of the CREDIT INSTITUTION, the STATE TREASURY at the STATE BANK GOVERNOR STATE BANK-State Bank pursuant to the law;
-According to the Decree of the Government No. 15/CP on 02 March 1993 about the duties, powers and responsibilities of the State management, ministerial bodies;
-At the suggestion of the Director of monetary policy.
DECIDES article 1: Present regulation foreign currency deposit interest rates (except mandatory reserve deposits) of the credit institutions are allowed to exchange business and of the State Treasury at the State Bank as follows: 1-non-term deposits: currency Type interest rate (%/year) Us dollar (USD) 2.50 British pounds (GBP) 4.25 German Marks (DEM) French Francs (FRF) 1.80 1.80 Japanese yen (JPY) 0.10 2-Money send term: term of interest rate (%/year) USD DEM GBP JPY FRF 1, 4.50 2.50 4.75 2.80 0.15 3 months 6 months 9 months 4.45 3.25 5.30 3.00 0.25 4.70 3.00 5.00 2.90 0.20 4.40 3.15 5.50 3.10 0.27 4.30 3.25 5.70 3.20 0.30 year 1 article 2: The interest rate specified in article 1 of this decision be enforceable from the date 01/12/1998 , replace the interest rates specified in decision No. 96/1998/QD-NHNN1 on 13/3/1998 of the Governor of the State Bank. Foreign currency deposits balance non-term of the credit institutions and state treasuries to end on November 30, 1998, switch to apply according to the interest rate specified in the decision; the balance of foreign exchange deposits have maturities still follow interest rates are posted for the remainder of the term.
Article 3: Chairman of the Board and ceo (Director) of the credit institutions, the State Treasury, heads of subdivisions of the central State Bank, Director of the State Bank's branch in the province, the city is responsible for the implementation of this decision.