Vietnam Daily News

December 13: Vietnam cbank keeps the dollar exchange rate at 20,803 dong

Written by Dailynews.vn Wednesday, 14 December 2011 15:44

Vietnam's central bank today December 13 still kept the interbank average exchange rate at 20,803 dong a dollar, unchanged from October 28.

Since October 5, the reference rate has gained 175 dong per dollar, equivalent to 0.85 percent increase, getting closer to the SBV's target to limit the exchange rate rise under 1 percent through the end of the year.

Commercial banks are allowed to apply the effective exchange rate +/-1 percent from the official rate set by the central bank; accordingly, the ceiling price for a dollar today was 21,011 dong.

Vietcombank, Asia Commercial Bank, Eximbank and some other banks still bought the dollar at between 20,990- 21,006 dong/US dollar and sold the greenback at 21,011 dong/US dollar.

Early this morning, US dollar on the free market was traded at around 21,100 dong (purchase) and 21,140 dong (sell).

Source: www.intellasia.net/news/articles/finance/111350692.shtml