# Central bank builds up currency reserves

> 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.

- Date: 2019-01-26 · published 2019-01-26T12:00:00.000Z
- Category: policy · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/61396-central-bank-builds-up-currency-reserves
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

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.

## Sources

- en.vdb.gov.vn: https://en.vdb.gov.vn/news8002/central-bank-builds-up-currency-reserves
- en.vietnamplus.vn: https://en.vietnamplus.vn/central-bank-builds-up-currency-reserves-post145777.vnp

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