Withdrawals from ATMs down 28% in January
Decline the result of more cashless transactions being conducted.
Topic: money withdrawal
Interbank VND interest rate still falling
Recent withdrawals by the State Bank of Vietnam (SBV) have been unprecedented. In just a short period of time, on the open market channel alone, the SBV has net withdrawn more than VND160 trillion ($6.85 billion). However, the VND interbank interest rate still fell sharply because credit growth slowed, making system liquidity redundant.