# Central bank to keep currency stable: official

> Vietnam's State Bank says record foreign reserves of about $45 billion will let it keep the dong stable for the rest of 2017. Deputy Governor Nguyen Thi Hong said the bank can step in to stabilise the money market when needed, and the dong has been one of Asia's most stable currencies this year.

- Date: 2017-10-24 · published 2017-10-24T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/68742-central-bank-to-keep-currency-stable-official
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

A central bank committed to a stable dong with large reserves reduces near-term currency risk for Vietnamese feed importers, so it has little direct effect on feed-ingredient prices.

## Read by commodity

- USDVND: neutral

## Sources

- en.vdb.gov.vn: https://en.vdb.gov.vn/news6547/central-bank-to-keep-currency-stable-official
- en.vietnamplus.vn: https://en.vietnamplus.vn/central-bank-to-keep-currency-stable-official-post119964.vnp

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