Vietnam raises reference exchange rate

Source: Xinhua| 2018-08-20 10:47:25|Editor: huaxia
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HANOI, Aug. 20 (Xinhua) -- Vietnam's central bank on Monday adjusted up its reference exchange rate between Vietnamese dong and U.S. dollar by 5 Vietnamese dong to 22,684 Vietnamese dong per U.S. dollar.

With the current trading band of plus or minus 3 percent, the ceiling exchange rate is 23,365 Vietnamese dong per U.S. dollar, and the floor rate is 22,004 Vietnamese dong per U.S. dollar, said the State Bank of Vietnam.

Meanwhile, listed rates at big commercial banks in Vietnam went down slightly from last Friday. Both Vietcombank and BIDV cut the rates by 15 Vietnamese dong to 23,255 Vietnamese dong per U.S. dollar for buying and 23,335 Vietnamese dong for selling.

Last week, the reference exchange rates saw two ups and two downs with total magnitude of 16 Vietnamese dong and 3 Vietnamese dong, respectively.

According to the central bank, as of June 11, the reference exchange rate rose 0.63 percent against the end of 2017, while the average rate offered by commercial banks advanced 0.47 percent. Enditem

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