# SBV issues treasury bills to cool down USD/VND exchange rate

> The State Bank of Vietnam issued treasury bills to absorb dong liquidity and cool the USD/VND rate, after a four-month pause. About VND15 trillion was collected at a 1.4% rate on March 11, and the free-market dollar had reached VND25,700.

- Date: 2024-03-13 · published 2024-03-13T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/31515-sbv-issues-treasury-bills-to-cool-down-usd-vnd-exchange-rate
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Draining liquidity supports the dong and eases import cost pressure for Vietnamese feed buyers, with negligible effect on global feed prices.

## Read by commodity

- USDVND: bearish ▼

## Sources

- vietnamnet.vn: https://vietnamnet.vn/en/sbv-issues-treasury-bills-to-cool-down-usd-vnd-exchange-rate-2259137.html

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