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Dong dips as Hanoi starts daily forex rate setting

Tuesday, January 5, 2016 - 05:50

dong.jpg
Vietnam allowed its currency to ease on Monday as it resumed a more flexible foreign exchange policy for interbank dollar/dong transactions, a move that could trigger a gradual devaluation in the local currency.

Hanoi

VIETNAM allowed its currency to ease on Monday as it resumed a more flexible foreign exchange policy for interbank dollar/dong transactions, a move that could trigger a gradual devaluation in the local currency.

The State Bank of Vietnam (SBV) set the mid-point rate at 21,896

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