VIETNAM PRESS-Cbank plans dollar sales amid rise in exchange rate -...
From mybestdatabase
The State Bank of Vietnam may sell dollars from its $35 billion reserves to commercial banks to lower the foreign exchange rate that hit a five-month peak last week, the Viet Nam News newspaper reported, quoting Deputy Governor Nguyen Thi Hong as saying on news website VnExpress.
A commercial bank official attributed viajes a indochina higher foreign currency rate to stronger exports and import activities during the year-end, while the central bank said the country's dollar supply and demand resources are stable with a payment balance surplus of $11 billion, the report said.
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NOTE: Reuters has not verified this story and does not vouch for its accuracy. (Compiled by Hanoi Newsroom; Editing by Prateek Chatterjee)
