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Objectives of daily exchange rate policy (06/01)
06/01/2016 - 15 Lượt xem
It will also facilitate VND/USD transactions and encourage people to bank their savings in VND, said Vice Governor of the State Bank of Viet Nam Nguyen Thi Hong.
The central bank also said it will still maintain the trading band for VND/USD transaction of -/+ 3%.
The new mechanism will provide basis for credit organizations and branches of foreign banks to decide buying and selling rate between VND and USD in stead of fixing a rate for a period of time.
VietinBank General Director Le Duc Tho said the new exchange rate mechanism is a necessary step conducive to the market and international integration process./.
Source: Chinhphu.vn
