31st
March
2009
(AFX UK Focus) 2009-03-31 04:15 Vietnam c.bank allows forex swaps, sets 8 pct rate (Interactive Investor)
posted in News |HANOI, March 31 (Reuters) - Banks in Vietnam short of short-term Vietnamese dong funds could use foreign exchange swap deals with the central bank to meet their needs, the State Bank of Vietnam said. The annual swap rate is 8 percent and banks licensed to trade in foreign exchange are allowed to conduct swaps, subject to central bank permission, the State Bank of Vietnam said in a letter sent to …
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