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Foreign currency market
Update news Foreign currency market
Foreign currency market eases following central bank’s intervention
The US dollar on Wednesday depreciated against the Vietnamese dong after the State Bank of Viet Nam (SBV) sold the greenback on the cheap to stabilise the local foreign exchange market.
No forex rate adjustment now, says SBV
VietNamNet Bridge – The State Bank of Vietnam (SBV) will not adjust the foreign exchange rate at present and will take bold measures to stabilise the forex market, a senior SBV official has affirmed.
Vietnam considers loosening foreign currency management policy
Under the draft of the new Ordinance on Foreign Exchange, individual residents can borrow money from foreign sources, pay debts and must be responsible for the borrowing in accordance with the regulations to be drawn up by the government.
