SBV announces margin limit for exchange rates

SBV announces margin limit for exchange rates  - ảnh 1

(VOVworld) - The State Bank of Vietnam (SBV) has announced the central rate for the VND and the USD at 21,896 VND per one USD for January 4.
Under Decision 2730/QD-NHNN issued on January 3, the SBV will announce a central rate for the VND and the USD on a daily basis, serving as reference rate for credit institutions and foreign bank branches to set their own rates.
Banks in Vietnam are allowed to trade the dollar within a three percent range above or below the central rate. The January 4 rate was 6 VND higher than the average inter-bank forex rate in the last four months.

The bank also announced the foreign exchange rates between VND and 26 other foreign currencies for the same day.

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