SBV: Exchange rate rumours are inaccurate

SBV's Quang said the recent depreciation of the Vietnamese dong against the US dollar was due to the greenback strengthening in the international market. — Vietnam News

HANOI: The State Bank of Vietnam (SBV) has denounced a rumour about changes in its exchange rate management as inaccurate and inconsistent with the government’s goal for market and macro-economic stability.

Director of the SBV’s Monetary Policy Department Pham Chi Quang said that the rumour has created instability in the market, and added that businesses and people need to be cautious about inaccurate rumours.