Vietnam widens currency trading band

Vietnam's central bank has widened the band inside which its currency is allowed to trade against the US dollar in a move to create a more flexible exchange rate system, state media reported Thursday 4 January.

The State Bank of Vietnam has widened the trading band by which the dong can deviate from its official daily rate from plus or minus 0.25 pct to plus or minus 0.50 pct, Vietnam News Agency said.

The move aims to boost exchange rate flexibility, Truong Van Phuoc, head of the central bank'

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