Home » Archive for February 19th, 2010
Vietnam banks expect increase in dollar supply
Commercial banks have said that with the gap between official and black-market exchange rates narrowing, they would find it easier to buy dollars.
The dong weakened to 19,100 against the dollar at local banks after the State Bank of Vietnam lowered the daily reference rate 3.3 percent to 18,544 last week, the second devaluation since November to control the trade deficit and stabilize the economy.
As...
