Friday, February 20, 2009

SBV Sets USD/VND Exchange Rate At 16,970 on Jan 08

Official USD/VND rate: 16,970 -2
Vietcombank buys at : 17,450 +30
Gold shops buy at : 17,510 +10

Vietnam's central bank set the dollar's exchange rate lower at VND16,970 Thursday.

The state-owned Vietcombank sold lower at VND17,479, compared with VND17,481 Wednesday.

Gold shops sold flat at VND17,540.

Dealers said they expect the exchange rate to rise toward the weekend on rising demand for the dollar. (Dow Jones)

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