# The State Bank of Vietnam lowered the USD buying price after a long period of inactivity.

> The State Bank of Vietnam cut its USD buying price by 50 dong to 23,125, the first downward adjustment in about 12 months. The move follows abundant foreign currency supply in the banking system.

- Date: 2020-06-24 · published 2020-06-24T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/52925-the-state-bank-of-vietnam-lowered-the-usd-buying-price-after-a-long-period-of
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

A stronger dong against the dollar is a currency story rather than a grain driver, so the direct effect on feed commodity prices is minimal for buyers.

## Read by commodity

- USDVND: bearish ▼

## Sources

- en.vtcnews.vn: https://en.vtcnews.vn/ngan-hang-nha-nuoc-ha-gia-mua-usd-sau-thoi-gian-dai-bat-dong-ar582050.html

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