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Home / Economy / Banking & Finance
SBV increases VND/USD trading band to +/-2%
Thu Minh 17:40, 2015/08/12
The State Bank of Vietnam (SBV) has increased the trading band of Vietnamese dong/US dollar (VND/USD) from +/- 1 percent to +/-2 percent, applicable from August 12.
With the average inter-bank VND/USD exchange rate adjusted to 21,673, the ceiling exchange rate is now 22,106 VND/USD and the floor rate is 21,240 VND/USD. 
This is the third time this year the SBV has adjusted the average inter-bank VND/USD exchange rate. 
 
The State Bank of Vietnam has increased the trading band of Vietnamese dong/US dollar (VND/USD) from +/- 1 percent to +/-2 percent.
The State Bank of Vietnam has increased the trading band of Vietnamese dong/US dollar (VND/USD) from +/- 1 percent to +/-2 percent.
Previously, the SBV raised the average inter-bank rate by 1% from 21,246 VND/USD to 21,458 VND per USD on January 27 and increased it again to 21,673 VND/USD on May 7 to ensure the VND’s stability following movements in domestic and international financial markets. 
The yuan devaluation by 1.9% on August 11, the biggest loss in two decades, negatively impacted dozens of Asian currencies as well as Vietnam’s economy. 
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