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Home Finance Finance US dollar price reserves to fall

US dollar price reserves to fall

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The interbank forex rate yesterday was announced at 17,941 dong/US dollar accordingly that of commercial banks was maintained at 18,469-18,479 dong/US dollar. The interbank forex rate yesterday was announced at 17,941 dong/US dollar accordingly that of commercial banks was maintained at 18,469-18,479 dong/US dollar.

Meanwhile, in the free market, US dollar price stood at 19,230-19,330 dong/US dollar, down 150 dong/US dollar from the previous week. It is estimated that the US dollar price could be continued sustainable because banks' US dollar supply is ensured already.

SBV purchased over $400 million from corporations and groups. The finance ministry also reported that $1 billion raised from international bond issue was transferred into Vietnam's account. The US dollar amount will be re-sold to SBV.

Source: http://www.intellasia.net/news/articles/finance/111286963.shtml
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