# Central bank resumes greenback purchase

> The State Bank of Vietnam resumed buying US dollars on December 15 after pausing for more than two months. It also sharply cut its dollar selling price, and foreign exchange reserves had fallen about $22 billion to roughly $87 billion.

- Date: 2022-12-16 · published 2022-12-16T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/38539-central-bank-resumes-greenback-purchase
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Renewed central bank dollar buying signals that pressure on the dong is easing, but it also tightens domestic dollar supply and supports the USD against the dong, raising import costs for feed buyers.

## Read by commodity

- USDVND: bullish ▲

## Sources

- vietnamnews.vn: https://vietnamnews.vn/economy/1443350/central-bank-resumes-greenback-purchase.html

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