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State Bank of Vietnam

The State Bank of Vietnam (SBV; Vietnamese: Ng??n h??ng Nh?? n?????c Vi???t Nam) is the central bank of Vietnam. Organized as a ministry-level body under the Government of Vietnam, it is the sole issuer of the national currency, the Vietnamese ?????ng. As of 2024 it holds over USD 100 million in foreign exchange reserves. History When Indochina was under French rule, the colonial government governed the Indochinese monetary system through Banque de l'Indochine, which also acted as a commercial bank in French Indochina. After the August Revolution in 1945, the government of the Democratic Republic of Vietnam gradually attempted to exercise a monetary system independent from France. On 6 May 1951, president H??? Ch?? Minh signed decree 15/SL on establishment of Vietnam National Bank (Ng??n h??ng Qu???c gia Vi???t Nam). On 21 January 1960, the governor of the bank signed an ordinance on...

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wikidata.org 0 views · 2024-12-26 22:55:56

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