Currency: Black market Vietnam dong cools, central exchange rate kept steady, Monday
The State Bank of Vietnam’s central rate held steady at VND 25,216 per USD while Google Finance’s mid-market rate hovered at VND 26,385, Monday.
The black market mid-rate fell from VND 26,900 to VND 26,500, narrowing the premium over the central rate from 6.68 percent to 5.09 percent.
Market gap
The gap between official and black market rates eased as informal rates declined by about VND 400 over the period.
This suggests SBV interventions and liquidity shifts are cooling parallel market demand.
Liquidity operations
SBV repos showed significant rotation.
On 12 September, 7-day repo issuances stood at US$379 million but fell to US$227 million on 15 September.
In contrast, 14-day repos surged from US$37.9 million to US$303 million.
91-day repos dropped to zero, while 28-day repos more than quadrupled to US$168 million.
No new T-bills were issued.
Interbank rates
Short-term VND liquidity remained stable.
Overnight rates edged up from 4.07 to 4.12 percent.
One-week rates climbed to 4.35 percent, while one-month rates eased slightly to 4.87 percent. Longer tenors such as three-month and six-month held broadly steady at 5.5 and 5.8 percent, respectively.
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