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Sunday, August 28, 2016

FIREFLY TIDBIT, 28 AUGUST

Firefly   Vietnam announced on Bloomberg twice now that they are revaluing their currency! Now why would they announce that if their was no plans?  I saw it with my own eyes. 
Kinda shocked me actually that they would make that announcement. 

I have no idea about the rate just the announcement...remember pre war their currency was valued at 2.22.
  
Q: [when did they announce this... recently?] 

Firefly:  Pretty much the same time Iraq started talking openly about it.

Press Release:  Vietnam: 2016 Article IV Consultation- Press Release; Staff Report; and Statement by the Executive Director for Vietnam   Quote:  "A new government took office in 2016 with a commitment to reforms that, if implemented, would place Vietnam in a sound position to achieve its ambitious development goals."

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