Vietnam’s central bank raised

Vietnam’s central bank raised the amount of dollar deposits lenders must set aside as cash to curb the use of foreign currency in the nation and stabilize the dong. The reserve ratio on deposits held in the U.S. currency will increase by 2 percentage points to a range from 3 percent to 6 percent from May, the State Bank of Vietnam said on its website today. The monetary authority will also cap interest rates on dollar deposits at 3 percent for individuals and at 1 percent for non-credit institutions, effective April 13, according to a separate statement. Prime Minister Nguyen Tan Dung is striving to restore confidence in an economy that devalued its currency for the fourth time in 15 months on Feb. 11 to narrow the gap between official and so-called black market exchange rates. The central bank raised borrowing costs for the sec
Weight Loss Denton Texas
lingerie sexy