SBV bumps up USD/VND exchange rate
The State Bank of Vietnam (SBV) raised
the inter-bank exchange rate on February 11 from 17,941 VND to 18,544
VND per US dollar.
The State Bank of Vietnam (SBV) raised
the inter-bank exchange rate on February 11 from 17,941 VND to 18,544
VND per US dollar.
The SBV Governor said in a decision signed on February 10 that the adjustment of the inter-bank exchange rate aims to balance supply and demand and promote the circulation of foreign currencies in the market, thus contributing to controlling the trade deficit and stabilising the macro-economy.
Also in the decision, the Governor set the maximum interest rate for USD deposits of economic entities with creditors to 1 percent a year./.
The SBV Governor said in a decision signed on February 10 that the adjustment of the inter-bank exchange rate aims to balance supply and demand and promote the circulation of foreign currencies in the market, thus contributing to controlling the trade deficit and stabilising the macro-economy.
Also in the decision, the Governor set the maximum interest rate for USD deposits of economic entities with creditors to 1 percent a year./.
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