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Guru Jeff: "I don't think Vietnam will change the rate when Iraq does" 2/14/20 I_icon_minitimeToday at 11:16 am by kenlej

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Guru Jeff: "I don't think Vietnam will change the rate when Iraq does" 2/14/20

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Post by RamblerNash Fri Feb 14, 2020 11:12 pm

Guru Jeff   

...IMO I think Vietnam 's rate change would probably happen anywhere from somewhere around .05 to .25 cents. Going from where they're at today...that's a huge increase for them...the odds are they have to be linked and timed with the rate change [of the dinar]...I don't think Vietnam will change the rate when Iraq does.  I think it's gonna happen a little ways down the road...it would have to be timed with their fiscal year...


2/14/20

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Post by Sam I Am Sat Feb 15, 2020 12:36 pm

The only rate changes you'll see with the dong are devaluations.  All you have to do is look at a chart of the last five years to see that the dong is consistently losing value.  That's no accident.  It's the policy of the country and its central bank to slowly devalue in order to attract foreign buyers for their products, and it works quite well as Vietnam's GDP has more than doubled over the past ten years.  https://tradingeconomics.com/vietnam/gdp  Guru Jef is an idiot.

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