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Vietnam’s central bank denies rumors of phasing out small banknotes, confirming all denominations remain valid.
Vietnam’s central bank has debunked social media rumors that it plans to phase out 1,000 to 5,000 VND banknotes, calling the claims false and legally unfounded.
The State Bank of Vietnam confirmed that all current denominations remain in circulation, with currency management following legal regulations to meet economic needs.
It urged the public to avoid spreading unverified information, warning of potential fines for violations.
The bank reaffirmed no plans to issue a VND1 million note or redenominate the currency, emphasizing the stability and appropriateness of the existing monetary system.
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El banco central de Vietnam niega los rumores sobre la eliminación progresiva de los billetes pequeños, confirmando que todas las denominaciones siguen siendo válidas.