Despite an increased exchange rate during thefirst few days of October, the real rate on the inter-bank market islower than the maximum level fixed by the SBV, Hong said in a pressrelease issued on October 6.
Since the bank increased theVND/USD exchange rate by one percent in June, the foreign currencymarket reported positive developments. By the end of September, theinter-bank exchange rate only increased by 0.5 percent compared to theexchange rates of late 2013.
The SBV said the foreign exchangemarket was stable and reported a surplus in the balance of payments forSeptember and the past nine months, worth approximately 11 billion USD.
Inthe near future, the SBV will continue to operate a flexible monetarypolicy to ensure the stability of the currency and foreign exchangemarkets, as well as the exchange rate, Hong stated.
The bankwill also implement the necessary measures to regulate its availablecapital, stabilise the exchange rates and the operating interest rates,and maintain the stability of the bank’s policy.-VNA