What is currency in rediscounting in rediscount of negotiable instruments among credit institutions and foreign bank branches in Vietnam?

What is currency in rediscounting in rediscount of negotiable instruments among credit institutions and foreign bank branches in Vietnam?

Pursuant to Article 6 of Circular 18/2021/TT-NHNN regulating currency in rediscounting in rediscount of negotiable instruments among credit institutions and foreign bank branches is specified as follows:

1. In case of negotiable instruments paid for in VND, credit institutions and FBBs shall rediscount using VND.

2. In case of negotiable instruments paid for in foreign currency:

a) Credit institutions and FBBs shall rediscount using the foreign currency specified on the negotiable instruments or using VND as agreed upon. In case of rediscounting in VND, the parties shall agree upon the exchange rate that conforms to regulations of SBV on exchange rate;

b) In case of rediscounting negotiable instruments in form of temporary purchase, credit institutions and FBBs shall repurchase the negotiable instruments using whatever currency used to sell the negotiable instruments in the first place.

Best Regards!