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SBV Governor Nguyen Thi Hong speaks at the question-and-answer event of the 15th National Assembly’s 8th session on November 11. (Photo: VNA)

ౠ SBV curbs foreign currency hoarding, dollarisation

The State Bank of Vietnam (SBV) has applied a 0% interest rate on foreign currency deposits to address foreign exchange and exchange rate volatility, Governor Nguyen Thi Hong explained during a question-and-answer event at the 15th National Assembly’s 8th session.
Reference exchange rate up 5 VND

Reference exchange rate up 5 VND

The State Bank of Vietnam set the daily reference exchange rate at 23,206 VND/USD on February 4, up 5 VND from the previous day.
Reference exchange rate goes up on July 5

Reference exchange rate goes up on July 5

The daily reference exchange rate turned around to go up 8 VND on July 5, being set at 22,638 VND per USD, reversing the downward trend since the beginning of the week.
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