VIETNAM - Feb 21: Central Bank Quotes Dollar At VND20,828
VIETNAM - Feb 21: Central Bank Quotes Dollar At VND20,828
by lexie Tue Feb 21, 2012 10:06 am
February 21, 2012
Feb 21: Central Bank Quotes Dollar At VND20,828
The State Bank of Vietnam set the exchange rate for the U.S. dollar at VND20,828 Tuesday, unchanged from Monday.
Currency dealers said rates among major banks are almost flat amid thin trade because the supply of dollars in the domestic market has declined so far this week.
"Exchange rates have continually fallen since the beginning of this year because of two key factors: increased remittances sent home by overseas Vietnamese during the Lunar New Year holiday last month, and a trade surplus of $170 million in January, and I predict the rate is bottoming because the dollar supply has become smaller," said a dealer with Hanoi-based Eximbank.
Private dealers with gold shops in Hanoi and Ho Chi Minh City said their rates have fallen more than 2.5% so far this year due to weak dollar demand from the private sector because of a weak appetite for imported goods.
They said their rates are unchanged Tuesday in line with global gold prices, which were flat at $1,735 a troy ounce. Local foreign-exchange dealers often use gold prices as a benchmark to calculate dollar rates.
http://www.vietfinancenews.com/2012/02/feb-21-central-bank-quotes-dollar-at.html#more
Feb 21: Central Bank Quotes Dollar At VND20,828
The State Bank of Vietnam set the exchange rate for the U.S. dollar at VND20,828 Tuesday, unchanged from Monday.
Currency dealers said rates among major banks are almost flat amid thin trade because the supply of dollars in the domestic market has declined so far this week.
"Exchange rates have continually fallen since the beginning of this year because of two key factors: increased remittances sent home by overseas Vietnamese during the Lunar New Year holiday last month, and a trade surplus of $170 million in January, and I predict the rate is bottoming because the dollar supply has become smaller," said a dealer with Hanoi-based Eximbank.
Private dealers with gold shops in Hanoi and Ho Chi Minh City said their rates have fallen more than 2.5% so far this year due to weak dollar demand from the private sector because of a weak appetite for imported goods.
They said their rates are unchanged Tuesday in line with global gold prices, which were flat at $1,735 a troy ounce. Local foreign-exchange dealers often use gold prices as a benchmark to calculate dollar rates.
http://www.vietfinancenews.com/2012/02/feb-21-central-bank-quotes-dollar-at.html#more
*****************
"WHEN THE POWER OF LOVE OVERCOMES THE LOVE OF POWER, THE WORLD WILL KNOW PEACE"
lexie- Elite Member
- Posts : 1812
Join date : 2011-06-24 
Permissions in this forum:
You can reply to topics in this forum
» The World Bank announces its readiness to support Iraq by expanding the use of clean energy
» Increasing the capital of the Central Bank to 5 trillion dinars
» Iraq's U.S. Treasury Bond holdings jump to 26+ billion dollars
» Can We Do Without The Commentary!
» Cabinet Approves Loan Agreement for Water Supply and Sanitation Project in Baghdad
» Wiley Morgan of Gen64 on Skype Chat Friday Night ~ Updated 6/10
» Mahmoud Dagher explains the economic feasibility of removing zeros from the local currency
» Al-Rasheed Bank announces the removal of its name from the list of international sanctions of the Charter of the United Nations
» The United States allocated 140$ million to support Iraq
» USD/IQD exchange rates climb in Baghdad
» NOPEC Law
» Turkish lira weakens to 15.16 against dollar
» Here's my guess
» Tony and Twitter
» Hamza Al-Jawahiri to / NINA /: The survival of quotas and consensus will not achieve any sustainable development for the national economy / expanded
» The appearance of Muhammad Salih to / Nina /: This is how the surplus oil revenues are disposed of
» USD closes slightly higher in Baghdad on Sunday
» The Central Bank of Iraq 75 years in the face of economic challenges
» (Budget Reserve) may see the light next Wednesday
» Al-Kazemi's advisor puts forward a proposal to double growth rates
» VOTE -- Who Is The Worst Dinarland INTEL Provider Today?
» “Dedicated to Service” on Instagram
» Rehabilitation of the Church of the Virgin Mary in the province of Basra within the Tamkeen project for community initiatives
» 95% of Iraqi revenues still come from oil
» CBI foreign currency sales hike in April
» Where does the excess oil price differentials go?
» Introducing myself...
» Amer Al-Jawahiri to / Nina /: Improving economic activities in the local market is more stable than deleting confusing zeros
» Iraq's oil generates more than 10 billion dollars in one month
» USD/IQD exchange rates inched up in Baghdad
» Becky McGee/Oootah - "Wanted: Attorney and/or Lawyer!" 3/10/19
» Exchange rate game in Iraq: how speculators grossed millions of dollars in 48 hours scheme
» Holly: "Remember we are not in the know of all that goes on behind the scenes" (More Guessing Games...Just What Everybody Needs! LOL) 7/13/21
» RV INTEL BY TEXAS SNAKE, BOB LOCK AND ED OCALA (Three Blind Mice? LOL) 12/8/21
» Technical Adviser to the Prime Minister: The positive effects of changing the exchange rate will be felt more after 3 years
» An economist stresses the need to invest surplus money from oil revenues in profitable projects
» CBI sells +212$ million in the forex auction on Monday
» USD/IQD exchange rates drop in Baghdad
» Outdated laws are a major economic challenge for the next government, Allawi says