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Daily Times Pakistan skrev
Vietnam, where many people see gold as a safe haven against economic uncertainty, has ordered public gold-trading floors shut by March 31 because they rest on a “fragile foundation”.
The order affects about 20 gold-trading houses operated by banks and other firms, which have been running for more than two years, the state-run Vietnam News reported. Retailing of gold jewellery will still be allowed, it said.
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The government will need to reorganise the gold-trading floors as part of efforts to stabilise domestic financial and money markets, Thanh said.
A government statement said transactions at the gold-trading firms total up to thousands of billions of dong a day (hundreds of millions of dollars) but occur “on a fragile foundation that lacks legal, economic and technical frameworks and knowledge.”
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“Uncertainty regarding the level of international reserves also encouraged a precautionary demand for gold and dollars,” putting significant depreciation pressures on the exchange rate, it said.
After burning through its official dollar reserves, Vietnam in November devalued the dong in a bid to bolster trade, which has suffered during the global financial crisis.
Källa:
http://www.dailytimes.com.pk/default.asp?page=2010\01\03\story_3-1-2010_pg5_20