# Central Bank injects $2.63 billion into forex reserves

> The State Bank of Vietnam bought VND60 trillion ($2.63 billion) in foreign currency in the first three weeks of November, injecting dong into the economy. This pushed interbank lending rates down by 0.04 percentage points to 0.65%. Deposit growth is expected to slow in 2021 compared with 2020.

- Date: 2021-11-23 · published 2021-11-23T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/44332-central-bank-injects-2-63-billion-into-forex-reserves
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Central bank dollar purchases and looser liquidity support the dong and domestic credit, but have little direct bearing on feed commodity prices.

## Read by commodity

- USDVND: neutral

## Sources

- hanoitimes.vn: https://hanoitimes.vn/central-bank-injects-263-billion-into-forex-reserves.585324.html

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