[via PDK] “Getting Vietnam off the money laundering Gray list” …the UK seems worried that someone may filter money through Vietnam. And artificially lower their rates to take advantage of trade imbalances. Europe and the US believe Vietnam should have a higher currency rate. What does this tell you? That your investment with Vietnamese currency should be worth more money than it is. Comment: I heard the dong may rv at .47 cents? MarkZ: .47 cents would be fantastic…but, I think it will be more than that… I am still hearing the low $2 range…and bankers think it’s higher than that.
