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Vietnam promises US it will not devalue, dreaded Sri Lanka style 'monetary modernization' looms


Friday July 23, 2021
8:50 pm
DOMESTIC STABILITY: Vietnam central bank Governor Nguyen Thi Hong insisted that Dong at 23,000 was for domestic stability.
Friday July 23, 2021
8:50 pm
ECONOMYNEXT – Vietnam’s central bank has promised the US Treasury not to devalue the Dong which insisting that the monetary policy was aimed at domestic stability though the America has extracted a promise to allow “to improve exchange rate flexibility over time.”
A dreaded ‘modernization’ of monetary policy also looms, perhaps backed by the International Monetary Fund, which has been peddling flexible policy, that could bring Vietnam down in the future when the US tightens monetary policy. ....

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