Currency: SBV lowers Vietnam central exchange rate, black market premium widens, Wednesday

The State Bank of Vietnam set the central exchange rate at VND 25,198 per US$1, down 10 from the prior session.

The black market mid-rate held steady at VND 26,490, widening the premium to 5.13 percent.

Google Finance’s mid-market rate eased to VND 26,375.

Key details:

  • Central rate: VND 25,198 per US$, down 10.
  • Black market: VND 26,490 unchanged, premium 5.13 percent.
  • Repos: 7-day down to US$179.21 million, 14-day collapsed to US$37.91 million, 28-day cut to US$26.67 million, while 91-day reopened with US$59.65 million.
  • T-bills: No new issuance.
  • Interbank rates: Stable, overnight at 4.17 percent, one-week 4.34 percent, one-month 5.10 percent.

See also: How Low Can the Vietnamese Dong Go? Why it’s Sliding & What Might Happen Next

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