# Central bank looks to up foreign reserves

> The State Bank of Vietnam raised its reference dollar buying rate by 50 dong to 22,725 in the week of June 19, 2017. This was its third increase this year, aimed at building foreign reserves.

- Date: 2017-06-23 · published 2017-06-23T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/70822-central-bank-looks-to-up-foreign-reserves
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

A stronger official dollar buying rate makes dollar-priced imports slightly more expensive for Vietnamese feed buyers, but the change is small and has no direct grain price effect.

## Read by commodity

- USDVND: bullish ▲

## Sources

- en.vietnamplus.vn: https://en.vietnamplus.vn/central-bank-looks-to-up-foreign-reserves-post113751.vnp

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