Loading…
The State Bank of Vietnam withdrew more than VND93 trillion from the market by selling gold and US dollars over the past month. It sold over $3.5 billion in dollars between April 22 and May 24 to stabilize the currency and gold markets.
Heavy dollar sales support the dong and limit import cost inflation for feed buyers, though the intervention drains liquidity from the banking system.
vietnamnet.vnMay 29, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
