# SBV building currency reserves | Vietstock

> The State Bank of Vietnam has bought more than US$1 billion from commercial banks this year to build foreign currency reserves, and it could buy another $1-2 billion in coming weeks. Foreign reserves were $63.5 billion at the end of 2018. MBS says the dollar likely peaked in 2018 and will ease in 2019.

- Date: 2019-01-25 · published 2019-01-25T12:00:00.000Z
- Category: policy · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/61399-sbv-building-currency-reserves-vietstock
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Reserve purchases support the dong and stabilise the local cost of dollar-priced feed imports. A softer dollar in 2019 would further ease import costs for Vietnamese buyers.

## Sources

- en.vietstock.vn: https://en.vietstock.vn/2019/01/sbv-building-currency-reserves-37-346372.htm

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