Central Bank Pledges to Ensure Sufficient Dollar Supply
The State Bank of Vietnam, the country&rsquos central bank, has affirmed on its Website that it has enough foreign currency sources to meet the demand of the economy.
People should not rush to buy foreign currencies to avoid unworthy losses, the central bank gave warning after prices of the U.S dollar surged to VND17,500/USD in the free market on July 21 after gasoline price hike announced.
The speculators have pushed up the prices of USD for a mercenary motive after the government increased prices of gasoline.
The central bank reiterated that the VND/USD exchange rate ever surged suddenly in middle June due to speculation and psychological factors. But the rate cooled down after the bank made intervention into the market. (SBV)
Vietnamese
