Drooping Vietnam Dong Devalued
Wed, Nov 25, 2009
Trace Mayer submits:
On 26 November 2009 the State Bank of Vietnam devalued the dong by about 5%. This is the third instance of currency devaluation in two years. The FRN$ is likewise being devalued against gold.
A few weeks ago I observed that those buying gold in Vietnam are paying a premium and that:
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