# Vietnam central bank to continue withdrawing excess cash as dong devaluates 4.4% year to date

> The State Bank of Vietnam is continuing to withdraw excess dong liquidity through treasury bill sales to stabilise interbank rates and the exchange rate. The dong has weakened about 4.4% against the dollar year to date, and analysts expect pressure to persist as major central banks keep monetary policy tight.

- Date: 2023-11-07 · published 2023-11-07T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/33464-vietnam-central-bank-to-continue-withdrawing-excess-cash-as-dong-devaluates-4-4
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Persistent dong weakness raises the local cost of imported feed ingredients for Vietnamese buyers, while central bank liquidity operations are a routine currency-management step with little direct effect on feed prices.

## Read by commodity

- USDVND: bullish ▲

## Sources

- theinvestor.vn: https://theinvestor.vn/vietnam-central-bank-to-continue-withdrawing-excess-cash-as-dong-devaluates-44-year-to-date-d7315.html

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