Quote:
Originally Posted by Singkieu
As far as I know, the VND is no longer pegged to any major currency but allowed to trade freely with all major currencies.
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Not expert, just sharing views... so called experts have went from greed to shame in Europe, States
The sub prime mortgage is an example of failure by the "experts" in the States, Europe....
Determination of the value of VND is mostly by Central bank. Now, they might not be so called "pegging" against a currency but if u notice, it will swing up n down with a currency.... Devalue VND is another example of Central Bank "playing" with its currency. Who on the right mind will invest in VND where the govt can anytime change the value of the notes. Further, VND notes is 1 of the least value paper in the world, in the same league or slightly better than Iran, Zimbabwe, Somalia notes.
Again, I am not expert, just views.