# SBV cuts purchase price of USD - VnEconomy

> The State Bank of Vietnam lowered its list price for buying US dollars on August 11, a cut not seen in recent years. It is the second sharp reduction in just over two months.

- Date: 2021-08-12 · published 2021-08-12T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/45855-sbv-cuts-purchase-price-of-usd-vneconomy
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Lowering the dollar purchase price signals central bank management of the dong, which can affect the cost of imported feed ingredients priced in dollars for Vietnamese buyers.

## Read by commodity

- USDVND: neutral

## Sources

- en.vneconomy.vn: https://en.vneconomy.vn/sbv-cuts-purchase-price-of-usd.htm

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