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Currency News

Possibility of another dong devaluation seen low

The possibility of changing the dollar/Vietnamese dong exchange rate again is low, given recent market developments, the Dau Tu (Investment) newspaper reported, quoting a senior government economist.

In the longer term, Vietnam's exchange rate should be more flexible but not floating, the report quoted the economist at the government-run Central Institute for Economic Management as saying.

original source: http://www.reuters.com/article/2015/08/31/vietnam-press-idUSL4N11616C20150831

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