Gold decree takes shape

The resolution dictates that the decree recognize and protect the legal gold ownership of organizations and individuals and limit the use of gold as a form of payment.

The government has assigned the State Bank to coordinate with the Ministry of Justice, the Government Office, and relevant agencies to get ideas from government officials to perfect the decree.

The decree aims to restrict trade in gold bullion in order to stabilize the gold market, check hoarding and speculation, and minimize the influence of the gold market on monetary policy.

(VNS)