What’ll be the price for devaluation? Experts have estimated - TopicsExpress

What’ll be the price for devaluation? Experts have estimated that if the dong depreciates by one percent against the dollar, this would lead to the 0.21 percent decrease in the export price and the 0.49 percent increase in the import price. Vietnam now has to import petroleum products to feed the domestic demand. Therefore, if the dollar price increases, petroleum importers would incur loss and have to raise the selling prices. Analysts have warned that the one percent dong depreciation would push the banks’ dollar price up to VND21,458 per dollar. If this happens, the dollar price in the black market would be increasing further, which would cause bad consequences...source below link AEC Engineering & Services

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