1.1) In 2007, the monetary policy tightening
a, economic context:
the world economic situation is again experiencing strong disturbances, particularly on the financial markets caused by the crisis stems from credit in the US and oil prices rose to a record USD 100 / barrel. Meanwhile, inflation in Vietnam's economy is growing.
B, Implementation of monetary policy instruments:
the solution operating monetary policy
-Increase strength of open market operations.
Within the volume of money supply increase approved by the government in 2007, state banks have the flexibility to use monetary policy tools to regulate effectively the volume of money supply, aiming to buy foreign currency increased foreign-exchange reserves, limited appreciation pressures South Vietnam, contributed to stabilizing the foreign exchange market, but also a strong suction supply of money for the purpose of buying foreign currency in order to reduce the level excess liquidity in the commercial banks, limiting the increase of the total means of payment, thereby reducing inflationary pressures
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