Central bank denies rumor over VND1 million-banknote

The State Bank of Vietnam (SBV) yesterday officially announced they do not have any plan to issue one million dong banknotes as rumored.

Recent rumor has it that SVB is going to issue VND1 million-denominated bank notes in view of the country’s rising inflation and the depreciating dong.

The central bank said the false rumor not only badly impacts public psychology but also damages the country’s financial market.

SVB has asked individuals and organizations to provide information related to the rumor.

Member of the National Advisory Council for Finance and Monetary Policies Tran Hoang Ngan said that it is not the first time the country’s finance and monetary market has had such a rumor.

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