# Central bank raises forex reserves as pressure eases - VnEconomy

> The State Bank of Vietnam said pressure on foreign currencies has eased and that it has been buying foreign currency to rebuild its reserves. It also reported that foreign currency sales to individuals fell sharply in November after a previous period of heavy selling.

- Date: 2023-02-04 · published 2023-02-04T12:00:00.000Z
- Category: policy · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/37637-central-bank-raises-forex-reserves-as-pressure-eases-vneconomy
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Easing FX pressure reduces the risk of abrupt dong depreciation that would raise the cost of imported feed ingredients. The impact on global grain and protein prices is small.

## Sources

- en.vneconomy.vn: https://en.vneconomy.vn/central-bank-raises-forex-reserves-as-pressure-eases.htm

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