The National Bank of Cambodia (NBC) announced on September 19 that it will continue holding two auctions of US dollars (each worth 10 million USD) on September 20 and 22, to ensure exchange rate stability, maintain the purchasing power of the Cambodian riel, and support the economic recovery process following the COVID-19 pandemic.
The National Bank of Cambodia (NBC) announced on September 6 that it has successfully auctioned 10 million USD in an effort to stabilise the Cambodian riel against the US dollar.
Experts predict that recent fluctuations in foreign exchange rates are short-term, and the Vietnamese currency, the dong, will trend to appreciate again in the medium to long term.
The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,959 VND/USD on September 5, down 18 VND from the last working day before the four-day National Day holiday (August 31).
Indonesia's inflation is among the lowest worldwide, with the Consumer Price Index (CPI) inflation falling more quickly and returning closely to its target of 3%, said a local official.
The State Bank of Vietnam set the daily reference exchange rate at 23,942 VND/USD on August 28, up 44 VND from the last working day of previous week (August 25).
The State Bank of Vietnam set the daily reference exchange rate at 23,897 VND/USD on August 21, down 49 VND from the last working day of previous week (August 18).
Despite the difference in policies of the State Bank of Vietnam (SBV) and the US Federal Reserve (Fed), the USD/VND exchange rate has remained stable to date thanks to a trade surplus and a bright economic outlook of Vietnam in the second half of 2023, experts said.
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