What is the currency of Vietnam and why did venezuelan currency become weak?
Answers
Answer:
Vietnamese dong is the national currency of Vietnam and Potential causes of the hyperinflation include heavy money-printing and deficit spending. In April 2013, the month Maduro took office, the annual inflation rate was 29.4%, only 0.1% less than the rate in 1999 when Hugo Chávez took office. By April 2014, the annual inflation rate was 61.5%.
ANSWER
Vietnamese dong IS THE CURRECY OF VIETNAM.
the CURRECY became weak due to the following reasons:
Vietnam is not integrated enough in the world’s economy. Vietnam just opened themselves at 1986. However, our nation took too many slow steps to let our nation in. Be fair, Vietnam has not totally industrialized, just too pure. For this reason, our currency is, somewhat, irrelevant.
Vietnam is not integrated enough in the world’s economy. Vietnam just opened themselves at 1986. However, our nation took too many slow steps to let our nation in. Be fair, Vietnam has not totally industrialized, just too pure. For this reason, our currency is, somewhat, irrelevant.Currency of Vietnam (VND) is, so far, too small to be known. For many reasons (Vietnam is small, economy is not huge, etc…), the Vietnamese Dong doesn’t play any important role at all.
Vietnam is not integrated enough in the world’s economy. Vietnam just opened themselves at 1986. However, our nation took too many slow steps to let our nation in. Be fair, Vietnam has not totally industrialized, just too pure. For this reason, our currency is, somewhat, irrelevant.Currency of Vietnam (VND) is, so far, too small to be known. For many reasons (Vietnam is small, economy is not huge, etc…), the Vietnamese Dong doesn’t play any important role at all.It is too risky to invest to an unknown money. Vietnamese Dong is just the new guy in economic stage, they are too new to be ready. Be fair, every investors are not willing to invest in an unknown money unless they want an adventure.
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