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The Financial Express

Vietnam central bank cuts reference exchange rate

Published: December 18, 2019 12:10:51 | Updated: December 18, 2019 15:46:47


File photo (Collected) File photo (Collected)

The State Bank of Vietnam (SBV) has adjusted its daily reference exchange rate between Vietnamese dong and US dollar down by 4 Vietnamese dong to 23,158 Vietnamese dong per US dollar.

With the current trading band of plus or minus 3.0 per cent, the ceiling exchange rate is 23,853 Vietnamese dong per US dollar, and the floor rate is 22,463 Vietnamese dong per US dollar, said the central bank on Wednesday

On Wednesday, foreign exchange rates at major commercial banks in Vietnam remained unchanged or went down from Tuesday, reports Xinhua.

Vietcombank maintained the rates at 23,080 Vietnamese dong per US dollar for buying and 23,230 Vietnamese dong per US dollar for selling.

Meanwhile, Bank for Investment & Development of Vietnam cut both rates by 5 Vietnamese dong, buying the greenback at 23,110 Vietnamese dong per US dollar and selling at 23,230 Vietnamese dong per US dollar.

This week, the reference exchange rates have seen one up and two downs with total magnitude of 7 Vietnamese dong and 9 Vietnamese dong, respectively.

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