The State Bank of Vietnam (SBV) should widen the US dollar trading band to help commercial banks set exchange rates more flexibly, a former central bank chief said. SBV ex-governor Cao Sy Kiem told Thanh Nien Daily: “In 2009 the exchange rate will see a lot of volatility. We should flexibly adjust the rate, not [...]
The State Bank of Vietnam (SBV) should widen the US dollar trading band to help commercial banks set exchange rates more flexibly, a former central bank chief said. SBV ex-governor Cao Sy Kiem told Thanh Nien Daily: âIn 2009 the exchange rate will see a lot of volatility. We should flexibly adjust the rate, not [...]
