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Monday, January 4, 2016

VIETNAM : CENTRAL BANK WILL SET DAILY DONG DOLLAR REFERENCE RATE , 4 JAN

 January 3, 2016 at 6:55 pm

HANOI Jan 3 (Reuters) - Vietnam will announce a central rate for the dong/dollar each day starting from Monday, shifting from a fixed rate of 21,890 dong/dollar to allow more flexibility, the central bank said on Sunday.

"The policy will allow the foreign exchange rate to be (more) flexible ... in accordance with the demand and supply of foreign currency within Vietnam and changes in the global markets while still maintaining the State Bank of Vietnam's (SBV) management role," SBV said in a statement on its website. LINK
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