Business & Finance
Vietnam to raise banks' forex compulsory reserves from Sept
HANOI : Vietnam's central bank said on Monday it will raise the amount of compulsory reserves banks must keep on non-ter
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The rate for compulsory reserves on foreign currency deposits with terms longer than 12 months was raised to 6 percent from 5 percent, the central bank said in a statement.
The ruling will come into effect for deposits from September, it said.
Copyright Reuters, 2011