TITLE

De-Dollarisation Push To Create Uncertainty

PUB. DATE
June 2011
SOURCE
Asia Monitor: South East Asia Monitor Volume 1;Jun2011, Vol. 22 Issue 6, p1
SOURCE TYPE
Country Report
DOC. TYPE
Article
ABSTRACT
The article reports on the essence of dedollarisation in Vietnam's heavy reliance on U.S. dollar. It states that the State Bank of Vietnam ordered local companies to sell their U.S. dollar deposits back to the commercial banking system which is partly responsible for financing difficulties in local businesses. It indicates that the de-dollarisation strategy allows the Vietnamese government to gain greater control of the country's economic policies.
ACCESSION #
60862021

 

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