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From the end of September, the State Bank of Vietnam will switch foreign currency deposit-borrowing arrangements to foreign currency buying and selling as part of the anti-dollarisation policy. The dong was almost unchanged against the dollar through August 2019, and the central bank bought over a billion dollars from commercial banks that month.
Stable dong and central bank dollar buying reduce import cost volatility for Vietnamese feed buyers. The impact on global feed commodity prices is limited.
infocusvietnam.comSep 16, 2019Not 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.
