Prime Minister requests adequate cash supply during Tet

The Prime Minister assigned the State Bank to preside over and coordinate with ministries, branches and localities to well organize the work of regulating and supplying cash to the economy, especially during Tet; direct credit institutions to ensure stable, safe and smooth operation of the automatic teller machine (ATM) system...

The Prime Minister has just issued Directive No. 48/CT-TTg directing relevant agencies to strengthen management and operation to stabilize market prices and ensure social order and safety during the 2018 Lunar New Year. In particular, the State Bank of Vietnam (SBV) is assigned by the Prime Minister to regulate and supply cash to the economy, ensure the operation of ATM systems and payment systems...

According to the Directive, in order to prepare well the conditions to serve the people to welcome the New Year 2018 and the Lunar New Year of Mau Tuat warmly, joyfully, safely and economically, the Prime Minister requests Ministers, Heads of ministerial-level agencies, Heads of Government agencies, Chairmen of People's Committees of provinces and centrally run cities, according to their assigned functions and tasks, to strictly implement Directive No. 16-CT/TW dated December 22, 2017 of the Secretariat on organizing the 2018 Lunar New Year; urgently direct the synchronous and effective implementation of tasks and solutions.

The Prime Minister assigned the State Bank to preside over and coordinate with ministries, branches and localities to well organize the work of regulating and supplying cash to the economy... Illustrative photo

During the 2018 Lunar New Year, focus on management and operation to prepare essential consumer goods well to supply early and fully to the people at reasonable prices and good quality; proactively take timely regulatory measures nationwide; promote anti-smuggling and trade fraud; strengthen preventive medicine, food hygiene and safety management; maximally meet the people's needs for transporting goods and traveling; well manage cultural, sports and tourism activities; well implement social security work; ensure social order and safety; well prepare conditions for production and business...

The Prime Minister assigned the State Bank of Vietnam to preside over and coordinate with ministries, branches and localities to well organize the regulation and supply of cash for the economy, especially during Tet; direct credit institutions to ensure stable, safe and smooth operation of the automatic transaction machine (ATM) system, electronic payment systems and card payment systems; strengthen payment activities serving production, business, import and export; organize foreign exchange services, foreign currency exchange for tourists; continue to implement measures to manage and use small denominations and odd amounts of money reasonably and economically during Tet; ensure security and safety of treasury.

Along with that, proactively take appropriate solutions to stabilize the monetary market, manage interest rates, exchange rates, and the gold market in accordance with the goal of stabilizing the macro economy, monetary and foreign exchange policies; strengthen inspection, examination and supervision of the activities of credit institutions and foreign bank branches, ensuring liquidity and safety of the system; coordinate with competent authorities to strengthen inspection and promptly handle violations in the purchase and sale of foreign currency, gold and small-denomination cash exchange services that are not in accordance with the law...

According to Dan Tri