Friday, August 12, 2011

State bank foreign exchange system is always positive week

State bank foreign exchange system is always positive week

The commercial banks continue to buy from customers and net portfolio investment abroad.
As reported by the State Bank of week 30 / 7 - 5 / 8, changes in foreign exchange market is relatively stable.

The commercial banks continue to buy from customers and net portfolio investment abroad.

Currency status of the system is improved compared to last week, always maintained positive throughout the week.

Rate of average inter-bank continued to remain at 20,608 VND / USD. Exchange rate on the market tends to rise later in the week the market predicted the new instability on international financial markets.

State Bank said it continues to closely monitor foreign exchange market situation and implement measures to stabilize the market.

Also, according to the report, interest rates VND for rural agriculture, exports maintained from 16.5 to 20% / year for production and business areas from 18-21% / year for non-manufacturing sector from 22-25% / year.

USD interest rates prevalent in the 6 to 7.5% / year for short-term 7.5-8% / year for medium and long term.
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