US dollar supplies up at local lenders: central bank

US dollar supplies have increased at Vietnamese lenders, the State Bank of Vietnam said in its weekly report on its website Friday.

Supply of the US currency has improved since mid-July and is “starting to outstrip demand,” the central bank said, adding that it had “intervened [in the market] by buying” dollars to stabilize the dong exchange rate.

Overnight interest rates were around 15.41 percent on the inter-bank market, the central bank said, citing updated reports it received from 46 lenders.

The Vietnamese dong and five-year bonds remained unchanged Friday from Thursday at 16,580 a dollar as of 4:45 p.m. in Hanoi, according to data compiled by Bloomberg.

Thanhnien

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