
The central bank has bought nearly $8 billion worth of foreign exchange this year

Analysts say it may take some time to feel the full impacts

Between April and May it made dollar purchases worth $3.2 billion

Underperforming lenders are not allowed to expand as the central bank aims to make the financial sector stronger

But critics say the unusual trend may continue and eventually hurt the economy

The 'unusual' surge was thought to be a result of the central bank's recent forex policy

Traders and investors who can prove they need loans in foreign currencies will have access to credit as usual, an...

The current account, after comfortable surpluses for a few years, is likely to see a deficit of 1.6 percent...

The government plans to issue $8.85 billion worth of sovereign bonds in 2017-20 to fund public projects

It is similar to the decline of around 5 percent last year

Zero interest rates on dollar deposits also prompt a switch to dong savings

It will also continue to promote the orderly opening of China's capital account

ANZ expects dong to fall 4 pct this year

The reference dong-dollar exchange rate, which would barely change for ages, will now be fixed every day as part...

The move is expected to make it easier for market stakeholders