From March 19 to March 23, through T-bill channel, the State Bank of Vietnam (SBV) newly issued 76.110 trillion dong 28-day tenor T-bills while there was no capital matured via this channel. As such, last week, SBV net withdrew 76.110 trillion dong via T-bill channel. The fact that such a large amount of T-bills was issued but the system still absorbed all shows that banks’ liquidity is still in positive state, the report of Bao Viet Securities Company (BVSC) said.
The average interbank interest rates last week tended to decrease slightly for one week and two week terms with a range between 0.07 percent0.14 percent. Specifically, the average interest rate for one-week term fell 0.07 percent to 0.99 percent/annum, and the average interest rate for two-week term went down 0.14 percent to 1.21 percent/annum.
Meanwhile, the average interest rate for overnight term did not change compared to the previous week, at 0.85 percent/annum. This is considered as a normal development and has been forecasted when the idle source of money tends to return to the banking system after the Lunar New Year.
Last week, the average exchange rate at commercial banks tended to soar (16.4 dong) from the previous week, reaching more than 22,776 dong/US dollar. Meanwhile, the central exchange rate improved seven dong, touching more than 22,454 dong/US dollar.
In the world market, the US dollar slightly declined (0.167 percent) compared to other major currencies, ( euro, JPY, GBP, CAD, SEK, CHF), to 89.76 points.
