Vietnam Currency Discussion Board

[RICK C]

I hope some find this interesting Reading-Even if it is a little Old in the News Dept, Sent to me By Ken at DEAL OR BUY DINAR-Rick c


Some of you may have recently seen the reports stating that the Vietnamese Government accepted a 2% revaluation of the VND for 2008.

http://snipurl.com/21m54 [www_vnstocknews_com]

While this is significant in that they have officially now taken action and ended the 11 year old policy of depreciation of the Dong, I was still a little taken aback by the very low rate for 2008.

It seems contrary to what appears to be a new anti-inflationary strategy by the Vietnamese government. I do not know this but I am wondering if the IMF's warning below is a response to that revaluation level as well. They appear to be of the opinion that it is inadequate and that the Vietnamese government will have to do more.

-Ken