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Vietnam dong fund rates drop to 11.5-12.5 pct in OMO
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Vietnam dong fund rates drop to 11.5-12.5 pct in OMO
by lexie Thu Mar 15, 2012 4:32 pm
March 15, 2012
Vietnam dong fund rates drop to 11.5-12.5 pct in OMO
Vietnam's central bank put dong funds at between 11.5 and 12.5 percent in several transactions conducted for the first time in open market operations on Thursday, compared with a reverse repo rate of 13 percent.
The State Bank of Vietnam applied the rates as it sold debt papers worth nearly 1.38 trillion dong ($66.3 million) to banks in sell-outright transactions, the data shows.
The central bank normally uses the reverse repo rate when buying debt papers from lenders to inject cash into the banking system.
The sell-outright transations were used on Thursday to withdraw cash left idle at commercial banks, a central bank official said. (Reuters)
http://www.vietfinancenews.com/2012/03/vietnam-dong-fund-rates-drop-to-115-125.html
Vietnam dong fund rates drop to 11.5-12.5 pct in OMO
Vietnam's central bank put dong funds at between 11.5 and 12.5 percent in several transactions conducted for the first time in open market operations on Thursday, compared with a reverse repo rate of 13 percent.
The State Bank of Vietnam applied the rates as it sold debt papers worth nearly 1.38 trillion dong ($66.3 million) to banks in sell-outright transactions, the data shows.
The central bank normally uses the reverse repo rate when buying debt papers from lenders to inject cash into the banking system.
The sell-outright transations were used on Thursday to withdraw cash left idle at commercial banks, a central bank official said. (Reuters)
http://www.vietfinancenews.com/2012/03/vietnam-dong-fund-rates-drop-to-115-125.html
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