Commonground
Senior Moderator
What did Governor Le Minh **** say when the price of gold "danced"?
Tuesday 25/02/2020 - 18:5
Translation:
This morning (February 25), the Advisory Council of National Financial and Monetary Policy, chaired by Prime Minister Nguyen Xuan Phuc, held a meeting to consider the impact factors of the Covid-19 epidemic for a solution. fit.
At the meeting, Governor of the State Bank of Vietnam Le Minh ****, Standing Vice Chairman of the Council, said that international organizations were very cautious about the impact of Covid-19, we need to calm down, give out accurate information.
-snip-
Regarding solutions of the banking industry, sharing difficulties with people and businesses affected by Covid-19 epidemic, the Governor said: Yesterday, the State Bank issued a written request to credit institutions. implement measures to support the rescheduling, interest rate reduction and exemption, temporarily keep the debt group for customers for debts affected by the translation, and have outstanding principal or interest to maturity. debt during the period from January 23 to March 31, until the State Bank issues a circular guiding this issue.
-snip-
"The State Bank is still closely monitoring the movements of the gold market, although this market is no longer affecting macroeconomic stability. If the market has instability changes, the State Bank will intervene when necessary. ", Governor Le Minh **** emphasized.
https://translate.google.com/transla...tm&prev=search
Tuesday 25/02/2020 - 18:5
Translation:
This morning (February 25), the Advisory Council of National Financial and Monetary Policy, chaired by Prime Minister Nguyen Xuan Phuc, held a meeting to consider the impact factors of the Covid-19 epidemic for a solution. fit.
At the meeting, Governor of the State Bank of Vietnam Le Minh ****, Standing Vice Chairman of the Council, said that international organizations were very cautious about the impact of Covid-19, we need to calm down, give out accurate information.
-snip-
Regarding solutions of the banking industry, sharing difficulties with people and businesses affected by Covid-19 epidemic, the Governor said: Yesterday, the State Bank issued a written request to credit institutions. implement measures to support the rescheduling, interest rate reduction and exemption, temporarily keep the debt group for customers for debts affected by the translation, and have outstanding principal or interest to maturity. debt during the period from January 23 to March 31, until the State Bank issues a circular guiding this issue.
-snip-
"The State Bank is still closely monitoring the movements of the gold market, although this market is no longer affecting macroeconomic stability. If the market has instability changes, the State Bank will intervene when necessary. ", Governor Le Minh **** emphasized.
https://translate.google.com/transla...tm&prev=search