» The Foreign Currency

  Banks in VIetnam  have stepped up sales of the dollar as they anticipate a move to reduce their dollar holdings, even as they compete to mobilize more of the greenback to meet increasing demand for dollar loans. “Buying foreign currencies now is easier...

Tags: Commercial Banks, Demand For Dollar, Demand For Dollar Loans, Dollar Deposits, Dollar Loans, Exchange Rates, For Dollar Loans, Foreign Exchange, Foreign Exchange Rates, Interest Rates, The Foreign Currency

VnnNews – Reporters from Tien Phong found that the laws on foreign currency management themselves have lent a hand to ‘dollarization.’ Dollars in, dollars out The director of one private company told the Tien Phong reporters that he converts all the firm’s income into dollars and deposits these into the bank. Keeping...

Tags: Foreign Currencies, Foreign Currency, The Foreign Currency, Vietnam Dong