# Vietnam central bank slows down cash withdrawal as exchange rate remains stable

> The State Bank of Vietnam raised VND3.7 trillion from 28-day T-bill auctions at a 1.9% rate, reducing auction volume as the USD/VND rate stabilised. The central bank has withdrawn about VND156 trillion since resuming T-bill sales on March 11.

- Date: 2024-03-27 · published 2024-03-27T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/31510-vietnam-central-bank-slows-down-cash-withdrawal-as-exchange-rate-remains-stable
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Liquidity draining through T-bills supports the dong and reduces import cost pressure on Vietnamese feed buyers, though the impact on global feed prices is minimal.

## Read by commodity

- USDVND: bearish ▼

## Sources

- theinvestor.vn: https://theinvestor.vn/vietnam-central-bank-slows-down-cash-withdrawal-as-exchange-rate-remains-stable-d9256.html

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