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The State Bank of Vietnam issued bills worth about VND43 trillion (US$1.89 billion) in one week to withdraw dong from the banking system. The move follows heavy dong purchases of foreign currency, which lifted reserves to a record of more than US$57 billion by February 6.
Draining liquidity supports the dong and reflects central-bank efforts to contain inflation, which can marginally influence the cost of imported feed ingredients in Vietnam.
en.vietstock.vnMar 15, 2018Not 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.
