Dollar price up following interbank rate rise
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Shortly after the central bank raised interbank exchange rate from VND18,932 to VND20,693 per US dollar yesterday morning, the dollar price on the open market has sharply increased.
In Ho Chi Minh City, the selling price of US dollar on the open market yesterday afternoon increased up to VND21,700 at many jewelry shops in the Ben Thanh and Tan Dinh market areas. Meanwhile, the buying price of the blue money was around VND21,300-21,400.
Yesterday saw US dollar more bought than sold on the open market. A jewelry shop in Le Loi Street said the number of buyers of dollar at his shop was about 30 percent higher than that a few days before.
In Hanoi, the difference between selling and buying prices was less than in HCM City, with the dollar bought and sold for VND21,450-21,550 respectively at 4 pm yesterday.
Meanwhile, commercial banks, like Asia Commercial Bank (ACB) and Eximbank, posted their selling prices of US dollar at VND20,900-21,000 and buying prices at VND20,830-20,890.
The supply and demand of USD at commercial banks remained stable at such prices, a general director of a medium-sized bank told VnExpress. “The dollar price on the open market may lower in the days to come,” he said.
