# Vietnam central bank withdraws cash as dong falls to 3-month low

> The State Bank of Vietnam resumed selling treasury bills on October 18 to withdraw cash and tighten dong liquidity after the currency fell to a multi-week low. The USD/VND interbank rate rose about 2.6% since late September, reaching VND25,200 per dollar.

- Date: 2024-10-19 · published 2024-10-19T12:00:00.000Z
- Category: policy · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/28170-vietnam-central-bank-withdraws-cash-as-dong-falls-to-3-month-low
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Tighter dong liquidity aims to support the currency, which would ease import costs for feed buyers if successful. The move signals central bank defence of the dong against dollar strength.

## Read by commodity

- USDVND: bearish ▼

## Sources

- theinvestor.vn: https://theinvestor.vn/vietnam-central-bank-withdraws-cash-as-dong-falls-to-3-month-low-d12950.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.