The State Bank of Vietnam (SBV)’s selling and purchasing prices wereofficially set at 21,350 VND and 21,600 VND to one US dollar on January12, up 150 VND and 200 VND respectively.
Themove was made in an effort to slow the exchange rate’s decline after theinter-bank rate was raised by 1 percent on January 7, as well as tosupport exports.
In response to the State Bank'sfixed rate, selling prices are ranging from 21,300 VND to 21,320 VND,with purchasing prices between 21,380 VND - 21,385 VND, to one US dollarat commercial banks such as Techcombank and Vietcombank.
The State Bank is prepared to buy and sell US dollar in a bid to stabilise the foreign exchange market.-VNA
Themove was made in an effort to slow the exchange rate’s decline after theinter-bank rate was raised by 1 percent on January 7, as well as tosupport exports.
In response to the State Bank'sfixed rate, selling prices are ranging from 21,300 VND to 21,320 VND,with purchasing prices between 21,380 VND - 21,385 VND, to one US dollarat commercial banks such as Techcombank and Vietcombank.
The State Bank is prepared to buy and sell US dollar in a bid to stabilise the foreign exchange market.-VNA
