# Why Vietnam’s central bank bought about $25 billion worth of U.S. dollars over the past two years? - Vietnam Insider

> Vietnam's central bank deputy governor said it bought about USD 25 billion over the past two years, injecting dong into the banking system. The move came days after the US Treasury said Vietnam met all criteria for currency manipulation monitoring but was satisfied with its progress.

- Date: 2021-12-06 · published 2021-12-06T12:00:00.000Z
- Category: policy · region Vietnam · magnitude medium
- Page: https://feedsoft.ai/events/43902-why-vietnam-s-central-bank-bought-about-25-billion-worth-of-u-s-dollars-over
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Central bank dollar purchases add dong liquidity and tend to weaken the dong against the dollar, raising the local cost of dollar-priced feed imports.

## Read by commodity

- USDVND: bullish ▲

## Sources

- vietnaminsiders.com: https://vietnaminsiders.com/why-vietnams-central-bank-bought-about-25-billion-worth-of-u-s-dollars-over-the-past-two-years/

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