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Gold serves as a tool for central bank to regulate capital supply
Some 15 tons of gold has been sold by the State Bank of Vietnam through bidding. It is estimated that VND15 trillion has been taken back from the gold sale.
Banks borrow VND11tril. after 3 days of interest rate slash
When the ceiling deposit rate fell to 8 percent, the interest rate on the open market also reduced to 7 percent/year. Immediately, transactions on the open market operations (OMO) strongly increase. vious 6 weeks.
