Exchange-Rate Policy Change To Be Gradual

November 2007
Asia Monitor: South East Asia Monitor Volume 1;Nov2007, Vol. 18 Issue 11, p1
Country Report
Country Report
The article focuses on the monetary policy in Vietnam. According to the author, to maintain market stability the State Bank of Vietnam (SBV) has announced that it will allow banks to trade outside the tight bands regulating the exchange rate on October 4. He added that to support the export sector, SBV has an official policy of depreciating the dong. He emphasized that to gradually move towards full currency convertibility, SBV is working with the IMF but continue its depreciating policy.


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