Commercial banks refinanced
14:30 | 28/07/2008
VGP – The State Bank of Việt Nam (SBV) has revealed that, last week, it bought in valuable papers (around VND 7,000-10,000 billion a market day) in the open market. The move aimed at assisting commercial banks (CBs) and stabilizing the credit market.

Besides, the SBV also continued to refinance CBs to support their performance and meet enterprises' demand.

In the foreign currency market, the supply-demand balance tends to get back on track. The trading of US$ over VND differed from VND 70-100 among CBs. The most noticeable was that all CBs had no demand of buying foreign currency from the SBV.

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