Vietnam devalues currency to tackle deficit, inflation

Vietnam devalues currency to tackle deficit, inflation

Hanoi : Vietnam | Feb 10, 2011 at 7:15 PM PST
Source: Channel NewsAsia
Views: Pending
Vietnam on Friday devalued its currency for the fourth time in 15 months as the country tries to control a trade deficit and rising inflation. The average interbank exchange rate was adjusted by 9.3 per cent to 20,693 dong to the dollar, against 18,932 dong previously, the State Bank of Vietnam said.... FULL ARTICLE AT Channel NewsAsia
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Vietnam has devalued its currency for the fourth time in 15 months
Vietnam has devalued its currency for the fourth time in 15 months
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