Thursday, February 11, 2010

Vietnam Devalues Its Currency

The State Bank of Vietnam has announced that it has devalued the dong. It will now cost VND18,544 per dollar versus VND17,941.

This is a sure sign of aggressive money printing by the SBV.
at 12:30:00 PM

3 comments:

  1. Bob MurphyFebruary 11, 2010 at 3:53 PM

    You disappoint me, Wenzel. With the text of this story, surely you could have come up with a more exciting title.

    ReplyDelete
  2. Robert WenzelFebruary 11, 2010 at 4:11 PM

    Like a true artist, I do not bang you over the head with the obvious. It will dance in your head anyway.

    ReplyDelete
  3. AnonymousFebruary 11, 2010 at 11:57 PM

    "Vietnam shrinks its dong?"

    ReplyDelete

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