Sept. 5 Vietnam Dong Data Shows Local Currency Under Strain
The State Bank of Vietnam (SBV) kept the central exchange rate unchanged at VND 25,248 per US dollar, Friday while the black market mid-rate held at VND 26,850, around 1.7 percent above Google Finance’s mid-market rate of VND 26,400.
Liquidity operations
The SBV added liquidity through repos, with seven-day operations rising to US$37.88 million from US$20.89 million a day earlier.
Fourteen-day repos dropped to US$37.88 million from US$343.57 million, while 28-day repos climbed to US$189.39 million from US$133.01 million. No T-bills were issued.
Interbank rates
Short-term borrowing costs jumped, with the overnight rate moving up to 4.7 percent from 2.03 percent.
One-week and two-week tenors also increased, while the one-month rate edged down to 4.87 percent from 5.11 percent.
