Economy / Vietnam
Dong Depreciation Becoming Unsustainable
April 2007 | Currency ForecastBMI View: The Vietnamese government and the State Bank of Vietnam (SBV) have been pursuing a crawling peg policy in the past eleven years, letting the dong gradually depreciate against the US dollar at a steady rate in order to bolster the export sector. However, rising FDI, remittances and equity inflows have are making this policy unsustainable.
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