Quote:
Originally Posted by punt
I think devaluation actually help to boost their export.
|
Devaluation has double edge sword. I do not think it will boost much cause most common currency use in trade is USD.
It will effect the common ppl,
Using a lame/laymen example, in petrol dollar imposed by big mafia of the world, importing petrol used to be USD 1 and sell at 21,000VND and now importing petrol is still USD 1 but need to sell 21,100VND. Unless importer willing to adsorb the different, else it will pass down to the consumers.... assuming oil value remains the same for the period. Again si beh lame example.
Anyway, we are not politician, we are cheongster.... whichever policy makes our cheonging easier is good policy.
