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change change
Updated news related to changing small change
Ensure adequate cash supply for Tet holiday needs
(Baonghean.vn) - In order to properly organize the work of regulating and supplying cash, the Government has issued a directive requiring the banking sector to ensure sufficient cash supply for the needs of the economy with appropriate volume and denomination structure, especially during the end of the year and Lunar New Year 2023.
Economy
Exchanging small change and new money in Nghe An: Banks are scarce, the 'black market' is bustling
(Baonghean.vn) - During Tet, the demand for exchanging small denominations and new money to give as lucky money or to go to temples and pagodas increases. Currently, when asking banks, they all say that they do not have small change or new money. However, on personal Facebook pages, this service is quite active... even though this is an illegal act.
Money exchange service chaos with fee collection near Tet
(Baonghean.vn) - Although exchanging small change for a fee has been banned, many shops at Hoang Muoi Temple seem to operate openly, while the Temple Management Board claims to be "powerless".
Will strictly handle the exchange of small change and new money to enjoy the difference
The State Bank will strictly handle bank officials who illegally exchange new and small bills for profit.
Black market still bustling with change, banks say there is a shortage
As the Lunar New Year approaches, the demand for small bills increases, but commercial banks are confused because they do not have enough small denomination bills to serve people and businesses.
Bank employees “nervous” under pressure to exchange new small bills
Refusing is afraid of being angry, accepting is worried about not having new money to exchange for relatives and VIP customers, making many bank employees feel pressured.
Saved about 280 billion VND because of not issuing new coins during Tet
The State Bank continues to implement the policy of not putting newly printed small denomination money into circulation during the 2018 Lunar New Year.
Exchanging small change for profit can be fined 40 million VND
DNUM_CEZABZCABH 15:41
According to current law, exchanging small change for a profit is prohibited and can result in a fine of 40 million VND.
Near Tet, the fee for exchanging small bills is advertised from 15% to... 200 times.
DNUM_CGZBCZCABG 20:01
It's been a long time since people have seen the 100 - 200 dong denominations, yet there are places that sell brand new 100 dong bills for 20 thousand dong.
Banks strictly control the exchange of small change and new money during Tet
DNUM_AJZABZCABG 14:35
The Governor requested to inspect foreign currency and gold trading activities, new money exchange services, and illegal small denomination cash trading.
Using scarcity as an excuse, exchanging small change at sky-high prices
DNUM_CGZABZCABF 07:17
Using the excuse that some small denomination bills were not newly printed by the State this year, making them even more scarce, black market bill exchange services are competing to double or triple the price.
Exchanging small change at temples and pagodas will be fined from 20 to 40 million VND.
DNUM_CBZABZCABF 23:23
At a press conference on small denomination money on January 21, Deputy Governor of the State Bank Dao Minh Tu said that the Government has just issued Decree 96 on penalties for unauthorized activities, including the exchange of small change.
Penalty for money exchange service
DNUM_BGZABZCABF 14:01
In 2015, the State Bank will coordinate with ministries and branches to implement more drastically.
Exchange small change, new money: "Thirsty" for 20,000 VND denomination
DNUM_AJZABZCABC 11:11
As scheduled, the market for small change and new money near Tet is "feverish" due to the need to exchange new money to give lucky money to children during Tet according to traditional Vietnamese customs and to visit pagodas on the first day of the year. The story of every household, every person... racing to exchange small change and new money has become an immutable "rule".
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