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The State Bank of Vietnam and State Treasury injected hundreds of trillions of dong into the banking system by buying US dollars from commercial banks. The State Treasury bought US$900 million in January alone at a buying price of 22,650 VND per dollar.
Liquidity injections support local bank lending and the dong, with limited direct effect on global feed commodity prices.
vietnamnews.vnJan 4, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
