Sandy Ingram
A major financial change in Vietnam...Decree 52 regulates non-cash payment in Vietnam and will significantly alter Vietnam's financial landscape...Decree 52 marks a significant milestone in Vietnam's journey towards a cashless economy. If you have VND bank notes you will need to find out how you can comply with Decree 52 as a foreigner. [We] will research the topic and report back as soon as we understand the procedure. According to the news report the banks have 24 months to comply.. .
There is a high demand for US dollars in countries like Iran and Syria where local currencies have significantly devalued. Entities in these countries are desperate to obtain...physical dollars ...because they are accepted everywhere and impossible to trace...Iran and Syria find it more feasible to obtain dollars from Iraq. The Iraqi market offers cheaper source of dollars...which impacts Iraq's exchange rate dynamics by increasing the pressure on its currency system and contributing to dual exchange rates.
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