to avoid the banking system breakdown occurs, state banks have repeatedly done pumping money through open market operation to meet the needs of liquidity to banks as putting more typical 39 000 billion into the market within a week in late October 2/2008.
rate policy: in Q1 with US dollars at the interbank exchange rate to below 16000 and the free market rate is even lower than in banks goods. But just past the second quarter, the exchange rate skyrocketed, sometimes has up to 19500. State Bank has decided to loosen the trading band from 1% to 2%, while implementing a series of measures other measures: strict control of foreign exchange dealers, enhanced communications, announced the foreign exchange reserves of Vietnam, ... in this way the exchange rate has gradually softened and remained until the end of 16500 3/2008 quarter. The last months of 2008, the domestic economy facing difficulties, declining economic growth, stock markets, real estate markets are still in a state of hibernation, it takes money markets complicated, manufacturing businesses, struggling because of high interest rates, high raw material costs, ..
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