# Central bank policies expand foreign reserves

> Vietnam's State Bank used futures trading tools to buy US dollars from commercial banks and cut its dollar buying price for three sessions. Its purchases, including about $1 billion in one day, have lifted foreign reserves.

- Date: 2017-10-23 · published 2017-10-23T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/68744-central-bank-policies-expand-foreign-reserves
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Heavy central bank dollar buying supports Vietnam's reserves and dong stability, which keeps import costs for feed ingredients predictable for buyers.

## Read by commodity

- USDVND: neutral

## Sources

- vietnamnews.vn: https://vietnamnews.vn/economy/405924/central-bank-policies-expand-foreign-reserves.html

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