News
Vietnam to keep dollar/dong rate moves within 2 pct in 2015
"The target for next year is that we will keep stable the foreign exchange market, with a target of movements of no more than 2 percent," Governor Nguyen Van Binh said in a nationwide broadcast by state-run Vietnam Television.
The dong has eased 1.3 percent against the dollar this year on the interbank market, where the central bank allows dollar/dong transactions to move in a band of 1 percent around the mid-point set daily.
In June, the central bank allowed the dong to depreciate 1 percent against the dollar to support exports, the key driver of the economy. Its previous currency depreciation was in June 2013.
