Varied positions on the issue of internal market access «Forex» World of speculative currency to Iraq, through the recently opened branches in the city of Erbil, the official representative of the position of the Central Bank in which he considered «good and fruitful step», and who consider entry «cautious». And opened a branch in coordination with the company «OTC Bankeng», which will organize training and rehabilitation for those interested in investment and the completion of the sale and purchase of secured banking.
VietFinanceNews.com – By adding $900 million in May, Vietnam’s forex reserve now is estimated to reach $13.5 billion, the International Monetary Fund (IMF) said in the Consultative Group meeting for Vietnam on Jun 9.
The close combination between credit and suitably-adjusted forex rate has supported to stabilise the forex market particularly and macroeconomy generally, the organisation representative commented.
This was shown clearly in the international finance market as credit default index (CDs) of Vietnam fell about 100 basic points from over 400 basic pts in February.
JUNE 4, 2011
VietFinanceNews.com – The central State Bank of Vietnam on Wednesday toughened its stance on the foreign exchange market, forcing State-owned enterprises to sell U.S. dollars to banks on one hand and raising the reserve requirements for dollar deposits at banks on the other.
Under Circular 13/2011/TT-NHNN issued by the central bank, State-owned groups and corporations, including those enterprises where the State holds majority stakes, have to sell all dollar sources to credit institutions from July 1.
JUNE 4, 2011
VietFinanceNews.com – World Bank experts on Thursday advised Vietnam to continue implementation of the Government’s Resolution No. 11 in a stable and effective way to reset three macro economic indices of inflation, forex rate and foreign reserve.
WB chief economic expert Deepak Mishra, at the press conference on Thursday prior to the Consultative Group’s mid-term meeting in Hanoi, said Vietnam had gained success in stabilizing the macro economy. These include easing inflation, narrowing the gap between official and black-market forex rates while foreign reserve was kept at import value for two and a half months.
VietFinanceNews.com – In the backdrop of the current lingering high inflation, the Saigon Times hosts an e-mail roundtable meeting of young economists who discuss some possible measures to address the issue
Some participants contend that the administrative measures affecting the foreign exchange will have short-term effects. Dr. Pham The Anh from the National Economics University, remarks, “Simply put, it is the switch of speculations from the foreign exchange and gold markets to the domestic currency market as the dong interest rate proves very enticing. The switch is unfolding not only on the exchange and gold markets but also on the realty market.”
VietFinanceNews.com – The State Bank of Viet Nam has asked credit institutions licensed to provide foreign exchange services to sell foreign currencies in cash to citizens.
According to Document 2033/NHNN-QLNH sent to commercial banks last Saturday, the central bank’s Governor Nguyen Van Giau called on commercial banks to help citizens, who have a legal demand for foreign currencies, open international debit and credit cards for spending money abroad.
NYSE Trader
Update: Sell Short Restriction Industry Testing on 2/12/11
In support of the deployment of Sell Short Restriction (SSR) logic, the NYSE and NYSE Amex will support a testing in the production environment on Saturday, February 12, 2011. Scripted SSR messaging and demonstration of new short sale restrictions in targeted symbols will be supported over production Proprietary
