Dollar exchange rate fixed at all-time high

The State Bank of Vietnam (SBV) October 9 fixed the US dollar exchange rate at a record high of VND16,999.

Many commercial banks rose their rates by the maximum allowed range of five percent to trade the dollar at VND17,849.

SBV said the liquidity of the foreign currency market improved this week as many commercial banks had bought dollars from their customers, especially from export firms.

This week, the rate was around VND17,845 to VND17,848 at commercial banks.

By B. Minh – Translated by Moc Lan

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