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Central bank asks money changers to re-apply for permit   2008-07-13 - Bloomberg

Vietnam’s central bank has ordered the country’s 3,600 money changers to re-apply for their license to trade foreign currencies.

The move by the State Bank of Vietnam is to ensure money changers follow regulations on foreign currency management of the central bank, according to a statement posted on its website this week.

Money changers need to re-apply in the next three months or so, the statement said.

Authorities would revoke the license of any money changers who won’t sell dollars to banks, Central Bank Governor Nguyen Van Giau said late last month.

The central bank will only allow money changers to operate from hotels of at least three stars, border gates, travel agents, airline offices, entertainment areas for foreigners and shopping centers, according to the statement which didn’t say when the new decision will come into effect.

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