CORRECTED-RPT-Vietnam devalues dong by 8.5 pct -central bank

Fri Feb 11, 2011 1:32am GMT

(Corrects to show devaluation effective Friday)

HANOI Feb 11 (Reuters) - Vietnam's central bank devalued the dong by 8.5 percent , dropping the official reference rate to 20,693 dong per dollar from 18,932, effective on Friday, according to a bank source and Reuters data.

The bank also narrowed the trading band for the dong to 1 percent from 3 percent on either side of a midpoint set by the central bank daily. (Reporting by John Ruwitch and Ngo Thi Ngoc Chau)

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