Dollar prices sliding prompts trade activities

US dollar acquisition activites boomed on April 13 as for the first time, the greenbacks were sold at the same price range from 19,020 VND to 19,060 VND in both official and unofficial markets.
US dollar acquisition activites boomed on April 13 as for the first time, the greenbacks were sold at the same price range from 19,020 VND to 19,060 VND in both official and unofficial markets.

The new price range reflects a further decrease of 40-50 VND per one dollar in value compared to the Vietnam dong.

The US dollar prices listed the same day at the Bank for Foreign Trade of Vietnam (Vietcombank) were between 18,990-19,060 VND, a slight decrease of 20 VND per USD against the previous day.

Meanwhile, the State Bank of Vietnam (SBV) still quoted its inter-bank exchange rate at 18,544 VND/USD.

On the same day, local gold price slid by more than 100,000 VND (or 5.2 USD) per tael due to the world price slump.

World gold prices on the night of April 12 in New York and on the early morning of April 13 in Asian markets ended around 1,150 USD an ounce, down from the record high so far this year of 1,170 USD the previous day./.

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