The official devaluation news from Statebank of Vietnam

The official devaluation news from Statebank of Vietnam:

09:04 11Feb11 RTRS-TIMELINE-Major moves in Vietnam's currency policy


HANOI, Feb 11 (Reuters) - Vietnam devalued the dong by 8.5 percent on Friday to 20,693 per dollar from 18,932 and narrowed the trading band around the midpoint to 1 percent from 3 percent.

* For a snapshot with the latest rates, click [SNAPSHOT-VN].


NOTE: State Bank of Vietnam rules allow dollar/dong transactions to move in a band around a mid-point reference rate set daily. (Compiled by John Ruwitch) ((john.ruwitch@thomsonreuters.com; +84 4 3825 9623; Reuters Messaging: john.ruwitch.reuters.com@reuters.net)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com))

Keywords: VIETNAM ECONOMY/CURRENCY

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