SBV leaves forex rate alone

Thursday, Aug 22, 2013 15:47

SBV affirms no adjustment of the foreign exchange rate at present.—Photo

HA NOI (Biz Hub)—An official from the State Bank of Vietnam (SBV) told local media on Wednesday that there would be no adjustment of the foreign exchange (forex) rate at present.

He said the forex market showed good liquidity and the demand for dollars had been met.

Earlier, SBV said on its website that the forex market was becoming stable while the exchange rates at commercial banks and on the free market tended to decrease.

SBV said it would continue closely monitoring the forex market so that it could also take measures to stabilise the market if necessary. Two months ago, the SBV devaluated the Vietnamese dong by 1 per cent.

On Thursday, some commercial banks raised dollar prices, offering from VND21,090-21,130 for buying and VND21,170-21,220 for selling.— VNS

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