Vietnam Daily News

December 15: Vietnam central bank keeps the dollar exchange rate unchanged at 20,813 dong

Written by Dailynews.vn Friday, 16 December 2011 17:45

Vietnam's central bank kept the US dollar's exchange rate unchanged at 20,813 dong today December 15 after it suddenly raised the forex rate to all-time high in its history on Wednesday.

Since October 5, the reference rate has gained 185 dong per dollar, equivalent to 0.9 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 bought the dollar at between 21,000-21,018 dong and sold the greenback at 21,021 dong/US dollar.

This morning, US dollar on the free market was traded at around 21,200 dong (purchase) and 21,240 dong (sell).

Source: www.intellasia.net/news/articles/finance/111350959.shtml