No plan to adjust exchange rate

Responding to the domestic market rumor that there is a shortage of US dollar or USD would be appreciated, Governor Nguyen Van Giau of the State Bank of Vietnam affirmed that the Government currently has no plan to adjust the exchange rate of VND against the US dollar. He made this statement in an interview with the Government’s website on February 24.

The SBV Governor also asserted that the SBV is still able to balance the demand and supply of the foreign exchange market.

Additionally, Mr. Nguyen Phuoc Thanh, General Director of the Joint- Stock Commercial Bank for Foreign Trade of Vietnam, said his bank could meet the essential demand of foreign currency for business, production and export of individuals and enterprises.

The interbank average exchange rate remains stable at 16,973VND/USD on February 25.

My Huong

sbv

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