31st
March
2009
(AFX UK Focus) 2009-03-31 05:15 UPDATE 1-Vietnam allows forex swaps to offset dong scarcity (Interactive Investor)
posted in News |HANOI, March 31 (Reuters) - Banks in Vietnam in need of short-term dong funds after a surge in lending under a government stimulus package can 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 will be allowed to conduct swaps, subject to central bank …
This entry was posted
on Tuesday, March 31st, 2009 at 2:33 pm and is filed under News.
You can follow any responses to this entry through the RSS 2.0 feed.
You can skip to the end and leave a response. Pinging is currently not allowed.