Vietnamplus

Singapore will stop issuing 1,000 SGD notes from January 1 next year to reduce money laundering and terrorism financing risks, said the Monetary Authority of Singapore (MAS) on November 3.

The original sketches of the national emblem of Vietnam, designed by late artist Bui Trang Chuoc, are being displayed in an exhibition at the Vietnam Fine Arts Museum in Hanoi from August 25 to September 6.

Indonesia’s foreign debts in the second quarter of 2020 were recorded at 408.6 billion USD, consisting of debts of the public and private sectors, according to the Bank of Indonesia (BI).

The Indonesian Finance Ministry announced on July 3 that the country has raised 100 billion JPY (930 million USD) from the issuance of five-tranche Samurai bonds to offset the national budget deficit and fund the response to the COVID-19 pandemic.

The Financial System Stability Committee (KSSK) of Indonesia has warned that the COVID-19 pandemic is threatening the stability of the country’s financial system as it causes a supply-demand shock and weakens financial industry and macro-economy.

Bank Indonesia (BI) said on April 3 that it is in talks with the US Federal Reserve (Fed) about potential currency swaps, while also preparing bilateral swaps with the central banks of China and Australia.

Banks have designed various measures and solutions in order to tackle difficulties facing businesses affected by the COVID-19 pandemic.

Countries in Southeast Asia are taking drastic actions in response to the COVID-19 outbreak as they have confirmed more infected cases over the last few days.

To prevent the spread of the new strain of coronavirus in Vietnam, customers are encouraged to adopt cashless payment methods.

Banknotes, which go from people to people, are a high-risk source of spreading virus. The habit of using cash among 90 percent of the population makes the banknotes, regardless of their materials as paper or polymer, a potential harmful factor to public health, which can transmit not only corona virus but many other diseases.

With the Lunar New Year Festival (Tet) drawing near and demand of cash increasing, Vietnam's central bank has sounded the alarm over counterfeit money.

The National Bank of Cambodia (NBC) on October 7 issued banknotes with a face value of 15,000 riels (3.75 USD) to mark the 15th anniversary of King Norodom Sihamoni’s coronation.

As Singapore continues to see sluggish trade and growth data, with core inflation at a three-year low, economists forecast the central bank to ease monetary policy in its upcoming review and provide some support to the economy.

Thailand will use new banknotes featuring a portrait of newly-succeeding King Maha Vajiralongkorn, also known as Rama X, on the front of the bills from April. ​

Giving money on the occasion of New Year, with desires that better things will happen in future, has become an indispensable custom of the Vietnamese during the Lunar New Year (Tet) festival.

Fire prevention police across Vietnam have issued warnings on the use of fire, electricity and petrol during the Tet (Lunar New Year) holiday.

You want to change 100,000 VND into smaller denominations, so you pay 150,000 VND, a 150 percent commission or “service charge.”

Certain types of vehicles will be exempt from paying tolls at Ben Thuy I toll station connecting the central provinces of Nghe An and Ha Tinh, the Ministry of Transport (MoT) has said.

The State Bank of Vietnam (SBV) has announced that it is finalizing a project on restructuring credit organisations and handling bad debt for the 2016-2020 period, to be submitted to the Politburo.

The State Bank of Vietnam (SBV) expects to save around 400 billion VND (17.7 million USD) by not issuing new small-value banknotes during the Tet holidays.