The State Bank of Vietnam issued Circular 07/2017/TT-NHNN on July 31, 2017, stipulating specific regulations on the composition of the money destruction supervision council.
As stipulated in Circular 07, the organization of the Committee for Monitoring and Destruction of Unfit Currency and Suspended Currency includes:
- General Monitoring Committee:
- Director of the Internal Audit Department: Chairman of the Committee;- Deputy Director of the Internal Audit Department: Vice Chairman of the Committee;- 01 Leader of the Management Department in Ho Chi Minh City: Vice Chairman of the Committee;- 01 Leader at the divisional level under the Internal Audit Department: Member of the Committee, concurrently the secretary of the Monitoring Committee.
- Monitoring Unit for the Northern Destruction Center (Central Treasury in Hanoi):
- Deputy Director of the Internal Audit Department: Vice Chairman of the Committee, responsible for monitoring the Northern Destruction Center;- 01 Leader at the departmental (or divisional) level under the Finance - Accounting Department: Member;- 01 Leader at the divisional level under the Internal Audit Department: Member of the Committee, secretary of the Monitoring Committee, concurrently the secretary for monitoring the Northern Destruction Center.
- Monitoring Unit for the Southern Destruction Center (Central Treasury in Ho Chi Minh City):
- Leader of the Management Department in Ho Chi Minh City: Vice Chairman of the Committee, responsible for monitoring the Southern Destruction Center;- 01 Leader at the State Bank of Vietnam branch in Ho Chi Minh City: Member;- 01 Leader at the divisional level under the Management Department in Ho Chi Minh City: Member, concurrently the secretary for monitoring the Southern Destruction Center.
See details in Circular 07/2017/TT-NHNN, effective from January 01, 2018.
-Thao Uyen-
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