# SBV hiking foreign reserves | Vietstock

> The State Bank of Vietnam unexpectedly resumed issuing central bank bills worth VND8 trillion (about US$350.9 million) with a one-week term at 1.3% per year. The central bank's last issue had been on March 3. The move aims to lift foreign exchange reserves, since commercial banks bought dollars from individuals and institutions but did not sell them to the central bank.

- Date: 2017-07-19 · published 2017-07-19T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/70256-sbv-hiking-foreign-reserves-vietstock
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Higher interbank rates raise the cost of holding dollars and may push banks to sell dollars to the central bank, which tightens dollar supply in Vietnam. This has little direct effect on feed grain or oilseed prices.

## Sources

- en.vietstock.vn: https://en.vietstock.vn/2017/07/sbv-hiking-foreign-reserves-37-287316.htm

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