In Vietnam, buying and selling foreign currencies on the free market is against the law. Photo by VnExpress/Le Chi Lawyers say a VND90 million ($3,855) fine for exchanging $100 in a gold shop is disproportionate and unreasonable. The administrative fine was levied by the People’s Committee of Can Tho on Nguyen Ca Re, a 38-year-old electrician. The VND2.3 million ($98.48) that Re received from the shop for the $100 note was also confiscated. Meanwhile, the gold shop was fined VND295 million ($12,630) for several violations, including the $100 exchange. The $100 note was also seized. Re said that he had been given the $100 by a relative. Late last year, he’d taken the note to a gold shop and was caught red handed by police officers. The police later issued an official record of violations after months of working with Re. Re said: “Before, I’ve always brought dollar notes to exchange at gold shops without any trouble.” He said that with his monthly salary of VND4 million ($171.21), he doesn’t know how to get the money to pay the VND 90 million fine. Current regulations ban the buying and selling of foreign currencies, but gold shops have for long been… Read full this story
- McIlroy fined £100, asked if he needs time to pay
- Swine fine: Rugby boss fined 100 pigs?
- Ex-Steeler Okobi fined $100 after plea in bar beef
- Tomic hires famous lawyer to fight fines
- Cuban fined $100,000 for comments on LeBron
- Front Row Motorsports fights “excessive” penalties
- Australia's 'pathetically high' income taxes are slammed – with workers here paying DOUBLE Singapore's top rate
- NFL turns down Harrison’s fine appeals
- Fine’s wife named in filing
- Goodell says players won’t decide fines
Excessive: Lawyers slam $3,855 fine for $100 note exchange have 280 words, post on e.vnexpress.net at October 24, 2018. This is cached page on Talk Vietnam. If you want remove this page, please contact us.