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Vietnam - SBV Asks Foreign Credit Organizations and Banks to Register Foreign Currency Ask. DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Vietnam - SBV Asks Foreign Credit Organizations and Banks to Register Foreign Currency Ask.

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Post by lexie Fri Oct 28, 2011 1:51 pm

October 28, 2011


SBV Asks Foreign Credit Organizations and Banks to Register Foreign Currency Ask.

Foreign credit organizations and banks have to register their foreign currency demand to the State Bank of Vietnam (SBV), the SBV said in an issued statement on Oct 27.

The SBV requested foreign credit organizations and banks which are allowed to carry forex-operation, to report detailed revenues of customer foreign currency transactions, inter-bank foreign currency transactions, and foreign currency state by end of Oct.27.


Besides, foreign credit organizations and banks also have to register the foreign currency ask from the SBV and its foreign currency demand in two weeks.


Reports need to be sent to the Forex Management Department and the SBV’s transaction office before 3pm of Oct 28.


The action was done in the SBV’s effort to stabilize the foreign market.


The SBV’s target to limit the exchange rate rise under 1% through the year-end.


http://www.vietfinancenews.com/2011/10/sbv-asks-foreign-credit-organizations.html#more

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