SBV buys back valuable papers from credit institutions
The State Bank of Viet Nam (SBV) on Thursday began signing deals to buy back valuable papers from credit institutions participating in the open market operations, the Vietnam News Agency reports.
The agreements to buy back valuable papers are one of commitments made by the central bank with the Japan International Corporation Agency (JICA) on building a scheme to develop Vietnam’s monetary market in the coming years.
The central bank’s transaction office said that the agreements would apply for all futures contracts between the central bank and credit institutions.
Agreements between the central bank and other credit institutions will either be signed directly at the State Bank of Vietnam’s transaction office, or by means of tele-transactions via mail.
