Reference exchange rate up at week’s beginning, Illustrative image (Photo: VNA) |
Hanoi - The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24,254 VND/USD on August 26, up 4 VND from the last working day of previous week (August 23).
With the current trading band of +/- 5 per cent, the ceiling rate applicable for commercial banks during the day is 25,467 VND/USD and the floor rate 23,041 VND/USD.
At major commercial banks, the opening hour rates fluctuated in different directions.
At 8:05 am, Vietcombank listed the buying rate at 24,790 VND/USD and the selling rate at 25,130 VND/USD (selling), both down 20 VND from August 23.
Meanwhile, BIDV raised both rates by 5 VND, listing the buying rate at 24,790 VND/USD and the selling rate 25,130 VND/USD.
Policies could pump in more credit in H2 Economic growth outlook for the last six months of the year and the influence of international geo-political developments prompt Vietnam to continue maintaining its monetary policy in a flexible manner to reduce lending rates for businesses. |
Vietnamese, Lao central banks discuss cooperation in using local currencies in bilateral trade The State Bank of Vietnam and the Bank of Laos have jointly organised a conference to share experience in promoting the use of respective domestic currencies in bilateral trade and investment cooperation activities to prevent external risks. |
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