# Central bank issues bills valued at nearly $1.9bn | Vietstock

> 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.

- Date: 2018-03-15 · published 2018-03-15T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/66322-central-bank-issues-bills-valued-at-nearly-1-9bn-vietstock
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

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.

## Sources

- en.vietstock.vn: https://en.vietstock.vn/2018/03/central-bank-issues-bills-valued-at-nearly-$1-9bn-37-311433.htm

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