SBV raises reference rate after Tet holiday

15:28 | 16/02/2016 Economy Follow Ven.vn on

The State Bank of Viet Nam on February 15 raised its reference rate to VND21,873 per American dollar, VND12 higher than on February 5, the last working day before Tet.

At 10am on February 15, Vietcombank listed the dollar buying and selling rates at VND22,330 and VND22,400, respectively, an increase of VND40 compared with the rates on February 5 — Photo vnexpress.net

With a margin of +/- three per cent, commercial banks are allowed to apply the ceiling rate of VND22,559 and floor rate of VND21,217 on February 15.

The exchange rate in commercial banks also soared.

At 10am on February 15, Vietcombank listed the dollar buying and selling rates at VND22,330 and VND22,400, respectively, an increase of VND40 compared with the rates on February 5.

The dollar buying and selling rates at BIDV also soared to touch VND22,300 and VND22,400, an increase of VND10 and VND30, respectively, over the February 5 rates.

Meanwhile, Vietinbank listed the buying and selling rates for the greenback between VND22,310 and VND22,400, an increase of VND30 and VND35, respectively, than the February 5 rates.

The dollar buying and selling rates at Techcombank were VND22,268 and VND22,398, an increase of VND88 and VND68, respectively, than the February 5 rates./.

Source: VNS

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