Central bank raises interbank forex rate

Tuoitrenews
Updated : Fri, April 15, 2011,7:30 PM (GMT+0700)

The State Bank of Vietnam (SBV) Friday raised the average interbank forex rate for the weekend to VND20,728 a US dollar, rising VND5 a US dollar from VND20,723 a US dollar set on Thursday.

Accordingly, the ceiling forex rate for commercial banks will be VND20,935 a US dollar.

On Friday morning, Eximbank listed the US dollar buying price at VND20,910 and selling price at VND20,930 a US dollar. The respective prices at Asia Commercial Joint Stock Bank (ACB) and Vietcombank were VND20,920/VND20,930 and VND20,925/VND20,930 a US dollar.

The interbank forex rate saw the highest level of VND20,723 a US dollar on three days, Monday, Wednesday and Friday since early this week.

Tuoi Tre reporters have found that the US dollar buying price at HCMC-based banks was higher than the price in the free market.

The US dollar buying price on late Wednesday in the free market in HCMC was about VND20,900-20,910 a US dollar, while at some banks such as Vietcombank and ACB, the buying price was VND20,925 and VND20,920 respectively.

The US dollar selling price in the free market was about VND20,950-21,000 a US dollar.