Vietnam has a much stronger economy than it did decades ago, but the government still carefully manages the currency instead of allowing it to rise sharply. Vietnam chooses an export-driven manufacturing economy...Iraq’s economy remains heavily dependent on oil revenues. See the difference? …Vietnam’s government continues to hold the VND down. In Iraq’s case it’s the Central Bank of Iraq, who openly holds the IQD down and with good reason. Iraq is still implementing banking reform. Even if the CBI allowed the currency to float or…allowed the currency to increase in value, it would be difficult on an international level because the Iraqi banks don’t yet talk to the banks in Hong Kong, London or New York. Not yet.Sandy Ingram [Post 2 of 2]
