the reference rate is decided by the average inter-bank exchange rate between th dong and the greenback, currency movements in Vietnam's key trade and investment partner countries and macroeconomic balances. based on the average inter-bank exchange rate, local banks and foreign bank branches in Vietnam can quote their dollar buying and selling prices on a daily basis.according to the central bank, the new foreign exchange management mechanism enables the dong-dollar exchange rate to move in line with dollar supply and demand in Vietnam and with global market developments, and enhance the SBV's role in executing monetary policy. it is aimed to fight dollarization and help enterprises and individuals reduce risks and is part of the measures to raise the position of the Vietnam dong and stabilize the foreign exchange market.SBV would adopt appropriate measures and be willing to sell the key U.S. dollar if needed to stabilize the forex market and keep the dong-dollar exchange rate within the permissible trading band. the trading band has been at 3% on either side since August last year
đang được dịch, vui lòng đợi..