Vietnam is extremely self sufficient and requires very few if any imports in the area of food, fuel and goods; therefore, they keep their currency valued artificially low in order to sustain a higher level of exports by motivating other countries to import more of their goods at great prices. Think of it as the high volume low mark up approach. Vietnam can't carry on like this forever but it works for the time being. Iraq is just the opposite as they need to import almost everything and need to have good prices for their exported oil as well in order to pay for re-building their war torn country. Iraq really needs to rv in order to beat inflation and have any chance of economic success. The ISX is not the big player and will undoubtedly continue to be delayed to foreign investment until a rv is implemented.
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Thread: ISX Signifcance
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12-07-2007, 05:28 AM #3
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