Sunday, August 28, 2016


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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