Monday, March 24, 2008

A Dong-a-naire


Yes, those are two 500,000 Vietnamese Dong bills.

Unfortunately, there are 15,800 Vietnamese Dong to the US$.

1,000,000 Vietnamese Dong is equal to $63 US.

I heard the Dong is tied to the US dollar, so as the $ drops, to date I have not been adversely affected by it.

The paper reports the 15% inflation (1Q08 vs 1Q07) is really having an impact on farmers and fisherman.

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