Vietnam Currency Discussion Board

[lottoplayerslair]

viet central bank loosing control! so now reval!to gain it back!
The central bank would be "maintaining the fixed exchange rate with a moderate downward crawl against the U.S. dollar in 2008-2009," economist Helen Qiao at Goldman Sachs in Hong Kong said in a report issued on Monday.

Annual inflation has jumped in Vietnam to more than 20 percent and the central bank has carried out a number of measures to tighten liquidity to try to stem the rise in prices.

Vietnam has said it wants to keep its credit growth this year at 30 percent with an economic expansion of 7 percent, after loans rose 54 percent last year, helping to fuel economic growth of 8.5 percent. (Reporting by Ho Binh Minh; editing by Neil Fullick)