# Reducing Anti-dollarisation, The Banking Industry Takes The Last Move

> 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.

- Date: 2019-09-16 · published 2019-09-16T12:00:00.000Z
- Category: policy · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/57357-reducing-anti-dollarisation-the-banking-industry-takes-the-last-move
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Stable dong and central bank dollar buying reduce import cost volatility for Vietnamese feed buyers. The impact on global feed commodity prices is limited.

## Read by commodity

- USDVND: neutral

## Sources

- infocusvietnam.com: https://www.infocusvietnam.com/banking/reducing-anti-dollarisation-the-banking-industry-takes-the-last-move

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