Modification of Responsibilities of the Director General of the Currency Issuance Department Regarding Cash Management

20:32, 10/07/2024

The State Bank of Vietnam has issued Circular 12/2017/TT-NHNN amending and supplementing Circular 01/2014/TT-NHNN on regulations for the handling, preservation, and transportation of cash, valuable assets, and negotiable papers.

The Director General of the Issuance and Vault Department, Head of the Issuance and Vault Sub-department, Director of the Transaction Office, Director of the State Bank Branch; head of the unit in charge of managing the cash vault shall be responsible for the management, ensuring the safety and confidentiality of cash, valuable assets, negotiable securities, and the operation of the cash vault at their unit, and shall have the following duties:

- Equip safety devices and tools as per regulations;- Direct the implementation of necessary measures to prevent loss, mistakes, guard against theft, robbery, fire, explosion, floods, mold, termites, and other causes, ensuring the quality of the money and assets stored in the cash vault;- Manage and keep the keys to one lock of the outer door of the cash vault;- Personally lock and unlock the door to supervise the import, export, and storage of assets in the cash vault;- Actively participate in periodic or extraordinary inventory checks.

Read the full regulations at Circular 12/2017/TT-NHNN, effective from October 16, 2017.

- Thanh Lam -

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