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SNAPSHOT-Vietnam dong, gold and interbank rates - Feb 28

Kitco News

HANOI, Feb 28 (Reuters) - Here's a snapshot of Vietnamese dong exchange rates in the official and unofficial markets, indicative SJC gold prices in Hanoi and interbank offered rates at 0411 GMT.

February 28 USD/VND mid-point 22,463 USD/VND interbank 22,756/22,758 USD/VND unofficial 22,760/22,780 SJC gold (mln dong/tael) 36.59/36.77

Interbank offered rates Overnight 0.8-1.4

1 week 1.1-1.6

1 month 2.2-3.3

3 months 2.9-4.0

NOTES: As of Jan. 4, 2016 the State Bank of Vietnam has begun setting the mid-point rate on daily basis, allowing dollar/dong transactions to move in a band of +/- 3 percent around the mid point. The dong's exchange rate against other currencies is not restricted by a band. Interbank offered rates are the latest indicative bid/ask prices, quoted from market sources.

One tael is equivalent to 37.5 grams or 1.21 troy ounces. SJC gold prices are quoted by state-owned Saigon Jewelry Co.

For more interbank rate fixings released at 0400 GMT, click on .

For Vietnam market overview click on: Vietnam's bonds market auctions: Bonds auction results: (Compiled by Hanoi Newsroom)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.