Loading…
The State Bank of Vietnam has bought more than US$1 billion from commercial banks so far in 2019 to build foreign reserves, and it may buy another $1-2 billion in coming weeks. Foreign reserves ended 2018 at $63.5 billion.
Analysts expect the central bank to keep the exchange rate stable in 2019.
Reserve purchases inject dong liquidity and support the currency, which helps keep Vietnamese import costs for feed ingredients stable. The impact on global feed prices is minor.
en.vdb.gov.vnJan 28, 2019
en.vietnamplus.vnVietnam+ (VietnamPlusJan 26, 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.
