Foreign currency state positive: SBV report

In the State Bank of Vietnam (SBV)’s report on banking operations in week between June 4 and 8, 2012, credit institutions continued net purchase from customers, foreign currency liquidity of the banking system was good and the foreign currency state of the entire banking system continued to reach positive level during the week.

This is the fifth consecutive week the central bank has announced positive foreign currency state of the entire banking system for the whole week.

The listed forex rate at commercial banks, according to the central bank’s report, was commonly at 20,960-21,036 dong/US dollar.

According to the local newswire Gafin, in week, the US dollar price increased 146 dong in selling price and 10 dong in buying price, the strongest rise of the US dollar price since February 4, 2012 so far.

The local news provider VnExpress on June 11 said that the US dollar price surged sharply during recent days due to Dung Quat oil refinery suspended operations for maintenance, resulting in the increase in foreign currency demand for oil and gas imports.

 

Category: Finance