# SBV issues bills to shore forex reserves

> The State Bank of Vietnam unexpectedly resumed issuing central bank bills worth 8 trillion VND (US$350.9 million) this week, with a one-week term at 1.3% per year. The last issue had been on March 3. The aim is to boost foreign exchange reserves because commercial banks bought dollars from the public but did not sell them to the central bank.

- Date: 2017-07-20 · published 2017-07-20T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/70260-sbv-issues-bills-to-shore-forex-reserves
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Higher interbank rates make holding dollars more expensive and may force banks to sell dollars to the central bank, tightening dollar supply. The direct effect on feed commodity prices is minimal.

## Sources

- en.vietnamplus.vn: https://en.vietnamplus.vn/sbv-issues-bills-to-shore-forex-reserves-post115147.vnp

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