Regulations on the Use of the Fund for the Implementation of National Monetary Policy

Bich Hoa

16:27, 10/07/2024

Circular 36/2019/TT-NHNN stipulating the management and use of the Fund for the implementation of national monetary policy was issued by the Governor of the State Bank of Vietnam on December 31, 2019.

The National Monetary Policy Implementation Fund is used for the following expenditures:

- Providing loans to support credit institutions facing incidents that impact the safety of the banking system;- Providing loans to credit institutions participating in the payment system to support the payment system if there are incidents threatening the safety of payment operations and the banking system;- Other arising expenses related to the implementation of monetary policy that have been approved in principle by the Prime Minister of the Government of Vietnam.

Note, the Governor of the State Bank has the authority to decide on the use of the National Monetary Policy Implementation Fund for the above-mentioned expenditures.

Details can be found in Circular 36/2019/TT-NHNN, effective from February 20, 2020.

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