Quote:
Originally Posted by naemlo
Not expert, just sharing views... so called experts have went from greed to shame in Europe, States  The sub prime mortgage is an example of failure by the "experts" in the States, Europe....
Determination of the value of VND is mostly by Central bank. Now, they might not be so called "pegging" against a currency but if u notice, it will swing up n down with a currency.... Devalue VND is another example of Central Bank "playing" with its currency. Who on the right mind will invest in VND where the govt can anytime change the value of the notes. Further, VND notes is 1 of the least value paper in the world, in the same league or slightly better than Iran, Zimbabwe, Somalia notes.
Again, I am not expert, just views. |
Yes. Don't forget the worst or least value currency in the world IMO - the North Korean Won.
Think of it this way, since there is a trade embargo on North Korea in which they technically cannot buy or sell anything to the world, their currency is practically worthless.