July 2: Vietnam Central Bank Sets Dollar Unchanged At 20,828 dong; Banks Rate Down
The State Bank of Vietnam, the country’s central bank, Wednesday set the exchange rate for the US dollar at VND20,828, unchanged for 7 months while commercial banks adjusted down the rate in between VND5-15.
Banks are allowed to trade dollar at +/-1 percent from central bank quote and the ceiling price for dollar is currently at VND21,036.
The rate offered by major commercial banks and the gold shop rate are at VND20,850 for bid and VND20,910-VND20,920 for ask.
Local gold prices plunged VND40,000 a tael to VND41.9 million/tael this morning and the local gold premium narrowed to VND1.7 million a tael today after world gold soared last Friday.
Category: Finance
