www.luntacunt.fora.pl

Luntacunt project

www.luntacunt.fora.pl Forum Index -> Tips & Tricks -> Currency devalued
Post new topic  Reply to topic View previous topic :: View next topic 
Currency devalued
PostPosted: Fri 14:28, 22 Nov 2013
cheapbag214s

 
Joined: 27 Jun 2013
Posts: 20570
Read: 0 topics

Warns: 0/5
Location: England





Vietnam bank: Currency devalued, rates cut to boost exports, growth
HANOI, Vietnam, June 28 () -- Vietnam's central bank has devalued currency by 1 percent and cut interest rates, saying the moves would improve the balance of payments and spur the economy.The announcement by the State Bank of Vietnam devalued the dong to 21,036 to the U.S. dollar, effective Friday, from the previous exchange rate of 20,828 to a dollar.The bank said the currency adjustment is aimed at improving the balance of payments and increasing foreign exchange reserves, and at boosting exports, the Vietnam News Agency reported.The central bank said short-term lending rates for priority sectors, including agriculture,[url=http://www.christianalouboutin.co.uk]christian louboutin Outlet[/url], exports, high-tech businesses and small and medium enterprises would be cut to 9 percent from 10 percent. The bank also cut the dong deposit rate cap to 7 percent from 7.5 percent.The bank said the adjustments were made "to more accurately reflect the supply and demand of foreign currency in the market" and to "create stability" for the foreign-exchange market.Vietnam News said the country's inflation has come down from almost 23 per cent in August 2011 to 6.5 percent, bringing the embattled economy closer to achieving a growth rate of 5.3 percent this year.


The post has been approved 0 times
View user's profile
Currency devalued
www.luntacunt.fora.pl Forum Index -> Tips & Tricks
You can post new topics in this forum
You can reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
All times are GMT + 2 Hours  
Page 1 of 1  

  
  
 Post new topic  Reply to topic  


fora.pl - załóż własne forum dyskusyjne za darmo
Powered by phpBB © 2001-2003 phpBB Group
Theme created by Vjacheslav Trushkin
Regulamin