Thursday, August 24, 2017 - 12:11:49

Central bank announces central rate for VND, USD

VNA Print

Illustrative image (Source: VNA)
Hanoi (VNA) – The State Bank of Vietnam (SBV) has announced the central rate for the VND and the USD at 21,896 VND per one USD for January 4.

Under Decision 2730/QD-NHNN issued on January 3, the SBV will announce a central rate for the VND and the USD on a daily basis, serving as reference rate for credit institutions and foreign bank branches to set their own rates. Banks in Vietnam are allowed to trade the dollar within a three percent range above or below the central rate.

The January 4 rate was 6 VND higher than the average inter-bank forex rate in the last four months.

The bank also announced the foreign exchange rates between VND and 26 other foreign currencies for the same day.

The SBV’s Operation Centre posted US dollar buying and selling prices at 21,800 VND and 22,475 VND while other commercial banks adjusted the green note rates.

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) and the Bank for the Investment and Development of Vietnam (BIDV) both set the buying and selling rates at 22,470- 22,540 VND per one USD.

Meanwhile, the Vietnam Technological and Commercial Joint Stock Bank (Techcombank) is transacting at 22,480 VND buying and 22,545 VND selling to one USD.

The rates applied by the Import Commercial Joint Stock Bank (Emximbank) were 22,445 VND-22,535 VND per one USD.-VNA
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