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State Bank Plans US$2 Billion Liquidity Support for Banks
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On 4 November, the State Bank of Vietnam announced a 182-day foreign-exchange swap operation scheduled for 6 November, with a maximum size of US$2 billion. The central bank set a spot purchase rate of VND24,399 per US dollar and a forward resale rate of...
On 4 November, the State Bank of Vietnam announced a 182-day foreign-exchange swap operation scheduled for 6 November, with a maximum size of US$2 billion. The central bank set a spot purchase rate of VND24,399 per US dollar and a forward resale rate of VND24,704.
The operation is intended to ease banking-system liquidity pressure and support financial-market stability. HPC can assist financial institutions and businesses with market research, liquidity analysis and financial planning.