An exchange transaction at Vietcombank (Photo:VNA)
Hanoi (VNA)🌄 – The VND-USD exchange rate was adjusted down at commercial banks on late morning of January 12.
At 11:00 am, the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) posted its buying and selling prices at 22,360- 22,430 VND per US dollar, both down 60 VND from the opening hour.
Similarly at the Bank for Investment and Development of Vietnam ( BIDV ), the buying and selling rates were at 22,380- 22,450 VND per US dollar, both deceasing 50 VND from the beginning of the day.
The Import Commercial Joint Stock Bank (Eximbank) lowered its buying rate by 50 VND to 22,350 VND per US dollar and itsselling rate by 40 VND to 22,440 VND per US dollar.
At the Vietnam Technological and Commercial Joint-stock Bank (Techcombank), the buying rate was down 80 VND 22,320 per US dollar and the selling rate was cut 50 VND to 22,450 VND per US dollar.
Meanwhile, the State Bank of Vietnam (SBV) announced the central rate for the VND and the USD at 21,913 VND per US dollar for January 12, an increase of 2 VND compared to the previous day.
With the current +/- 3 percent trading band for VND/USD, the ceiling exchange rate is 22,570 VND per US dollar and the floor rate is 21,256 VND per US dollar for January 12.-VNA
The State Bank of Vietnam (SBV) has widened the trading band of Vietnamese dong/ US dollar (VND/USD) from +/- 1 percent to +/-2 percent, applicable from August 12 onwards.
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Nguyen Thi Hong, Deputy Governor of the State Bank of Vietnam (SBV), on August 19 met the media to explain the SBV’s decision to raise the interbank USD/VND exchange rate.
Synchronous measures and monetary policy tools, including the selling of foreign currencies when needed, will continued to be employed to keep the VND's exchage rates within the allowed band.
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An exchange transaction at Vietcombank (Photo:VNA)
