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The State Bank of Vietnam began selling US dollars at 25,450 per dollar to banks with negative foreign currency positions to curb rapid depreciation. The central bank cited foreign exchange reserves of about $100 billion as backing for the move.
The intervention relieves short-term dollar demand but is unlikely to reverse the dong's trend while the dollar remains strong. Feed importers may still face higher local costs for imported inputs.
en.vneconomy.vnApr 19, 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.
