TITLE

Dong Depreciation Becoming Unsustainable

PUB. DATE
May 2007
SOURCE
Asia Monitor: South East Asia Monitor Volume 1;May2007, Vol. 18 Issue 5, p5
SOURCE TYPE
Country Report
DOC. TYPE
Country Report
ABSTRACT
The article focuses on the impact of the unsustainable dong depreciation in the economy of Vietnam. It is said that the government and the State Bank of Vietnam (SBV) have been pursuing the peg policy in the past 11 years. It let dong to gradually depreciate the U.S. dollar at a steady rate and bolstered the export sector. However, the strategy has made the sector face the inflationary pressures that built up in the economy.
ACCESSION #
24805782

 

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