Central bank instructs sufficient cash supply in Tet holiday

The State Bank of Vietnam (SBV) has basically completed cash supply to commercial banks and its branches across the country to meet payment demand of residents and businesses in the coming Tet holiday in February, said deputy governor Dao Minh Tu on Tuesday.

A bank in HCMC (Illustrative photo: SGGP)

The branches in provinces and cities should instruct commercial banks to absolutely avoid cash shortage, he said.
Commercial banks themselves must build suitable plans to timely meet cash demand in both volume and nominate value structure.
Besides, they should regularly supervise ATM posts to improve services, ensure fluent cash withdrawal preventing any congestion during the holiday.
This year, SBV will not put new notes with nominate values of VND5,000 and lower into circulation.
The state bank has stopped printing small value money since 2013 and saved a total of VND1.5 trillion (US$67.5 million), it calculated.

By Ha My – Translated by Hai Mien

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