Fri. Jun 14th, 2024

Le Minh Hung, Deputy Governor of the State Bank of Vietnam, has
confirmed that the liquidity of foreign currency in the domestic banking
system is abundant, adding that the central bank is willing to
intervene to stabilise the local market.

On February 22, Hung said
last year the central bank bought 15 billion USD and continued to be the
net buyer up until the Lunar New Year.

The same day, the State
Bank said it is coordinating with the Ministry of Public Security to
discover the source of the rumour that a leader of the BIDV had been
arrested and would take appropriate measures to handle unlawful efforts
to manipulate the foreign currency market.

The State Bank affirmed that it will continue a stable exchange rate policy.-VNA

By vivian