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.

3 Comments:

At February 11, 2010 3:53 PM , Blogger Bob Murphy said...

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

 
At February 11, 2010 4:11 PM , Blogger Robert Wenzel said...

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

 
At February 11, 2010 11:57 PM , Anonymous Anonymous said...

"Vietnam shrinks its dong?"

 

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