currencies

SBV faces tricky juggling act

January 22, 2013 | 10:39

Christian Kamm, president of Kamm Investment, asks whether the State Bank’s dollarisation blitz can help get the gold market in order.

Bullet fired at dollarisation

December 22, 2012 | 17:38

Restrictions and prohibitions of lending in foreign currencies are being proposed as measure to promote the de-dollarisation of the local economy.

Banks’ sticky hands reach for greenbacks

October 16, 2012 | 09:54

Banks are becoming net purchasers of foreign currencies, creating a good base for the forex market despite exporters’ increased demand for foreign currencies at the year-end.

Uniform forex move may miss the point

May 28, 2012 | 09:49

A new draft of amended ordinance on foreign exchange management was posted on May 10 to collect public opinions.

Under fire Deposit Insurance Law can do the job

February 11, 2012 | 11:12

Scores of industry insiders argue that the draft Law on Deposit Insurance which does not insure gold and foreign currencies will make it difficult for banks to raise these assets from the community.

Monetary, banking fines raised

October 24, 2011 | 18:41

A new decree issued by the government on October 21 increases punishments for administrative violations in the financial and banking sector.

Demand for foreign currency reveals need for stricter regulations

March 29, 2011 | 16:27

The State Bank of Vietnam (SBV) must find a way to meet legitimate demand for foreign currencies, says Dr. Cao Sy Kiem, the former governor of SBV.

State bank endeavours to constrain inflation

March 01, 2011 | 10:35

The State Bank of Vietnam (SBV) will make moves to reduce the dollarisation of the national economy to use the VND as the only means of payment in the country, said a SBV senior official.

IMF chief urges global monetary reform

February 11, 2011 | 09:32

IMF chief Dominique Strauss-Kahn on Thursday said the currencies of China and other emerging economies should play a greater role in global finance, as part of a bid to promote monetary stability.