(Bloomberg) -- The Vietnamese dong fell for a fourth
day after the central bank doubled the amount of deposits
commercial banks must set aside as reserves from today to help
cool inflation.
The currency headed for a third week of declines and traded
near the weakest in six months. State Bank of Vietnam Governor Le
Duc Thuy said on May 24 that the central bank had been selling
the dong to help exporters.
Read more at Bloomberg Currencies News
day after the central bank doubled the amount of deposits
commercial banks must set aside as reserves from today to help
cool inflation.
The currency headed for a third week of declines and traded
near the weakest in six months. State Bank of Vietnam Governor Le
Duc Thuy said on May 24 that the central bank had been selling
the dong to help exporters.
Read more at Bloomberg Currencies News
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