# Vietnam’s central bank seeks to weaken currency

> The State Bank of Vietnam has raised the dong's daily reference rate against the US dollar since the start of 2019, appreciating the currency about 0.43 percent. The dollar was quoted at 23,200 VND, and the central bank bought nearly $5 billion in the first two months to build reserves.

- Date: 2019-03-18 · published 2019-03-18T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/60393-vietnam-s-central-bank-seeks-to-weaken-currency
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

A firmer dong reduces the local cost of imported feed inputs for Vietnamese buyers, but the effect on world feed prices is small.

## Sources

- bizhub.vietnamnews.vn: https://bizhub.vietnamnews.vn/viet-nam39s-central-bank-seeks-to-weaken-currency-post303997.html
- en.vietnamplus.vn: https://en.vietnamplus.vn/vietnams-central-bank-seeks-to-weaken-currency-post148477.vnp

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