“I was so lucky to put my gold-selling money in the bank instead of buying more gold when the gold prices went lower. If I had not done that, I would have been lost the profit I gained from the gold-selling as the gold prices went down sharply and suddenly," she told Viet Nam News. … [Read more...] about Despite lower interest rates, people still put money in banks
Import export bank of the us
The US Department of Treasury’s recent report of Vietnam’s large purchases of foreign currency in 2019 raised the risk that the US might name Vietnam as a currency manipulator. To prevent this risk, the State Bank of Vietnam (SBV) may suspend or limit foreign currency purchases in the short term. Therefore, if Vietnam's trade surplus stays high, the VND may appreciate slightly against the USD. … [Read more...] about Vietnam enjoys large trade surplus in August thanks to Samsung Note 20 exports
Prophets of the end of the dollar regime – under which the US dollar serves as the world’s main reserve currency – are right to sense change, but wrong in their diagnosis. It is not the end of the postwar world that we are witnessing, but the end of the uniform central banking model of the 1990s. What central banks do is becoming more complex, more diverse and more multipolar. What is emerging is a hybrid assemblage that combines market mechanisms with massive intervention and seemingly limitless credit. Its Frankenstein quality is undeniable, but what kind of monster it is, remains to be seen. … [Read more...] about The world’s central banks are starting to experiment. But what comes next?
In the last three years, the country witnessed a “staggering” 700% growth in defence exports - from ₹1,521 crore in 2016-17 to ₹10,745 crore in 2018-19, which is an all-time high and 19th in the list of defence exporters in 2019, according to Chief of Defence Staff (CDS) Gen. Bipin Rawat. … [Read more...] about Defence exports increased 700% in last three years: Gen. Bipin Rawat
New Delhi: India’s crude oil imports from Iran jumped a whopping 43.72 per cent to 2.07 Million Tonne (MT) in August this year. India is among the largest importers of Iranian crude oil and the jump in imports comes amid increasing pressure from the United States (US) on Iran’s oil customers to cut purchases.Cumulatively, oil imports by India from Iran in the first five months (April to August) of the current financial year increased 43.69 per cent to 13.32 MT as compared to 9.26 MT imported in the corresponding period a year ago, fresh data sourced from the Directorate General of Commercial Intelligence and Statistics (DGCIS), an arm of the ministry of commerce and industries showed.In value terms, India imported $1.08 billion worth of crude oil from Iran in August alone, as compared to $0.52 billion worth of crude imported in the corresponding month last year. India's oil import from Iran in value terms during the five month period doubled to $6.82 billion from $3.27 … [Read more...] about India’s crude oil imports from Iran jumped 44 per cent in August