Kazakhstan allowed the tenge to drop and Vietnam marked down the dong for the third time this year after the yuan’s decline last week made their exports less competitive.
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Armenia may suffer from the devaluation of the ruble and the yuan
20 August 2015
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.jpg "Armenia may suffer from the devaluation of the ruble and the yuan")
The main zones of vulnerability to the depreciation in China and Russia are countries of Asia and the former Soviet Union, Bloomberg reported.
While Azerbaijan and Georgia have devalued their exchange rates over the past year, others including Armenia, Tajikistan, Moldova, Mongolia and Nigeria remain at risk.
Kazakhstan allowed the tenge to drop and Vietnam marked down the dong for the third time this year after the yuan’s decline last week made their exports less competitive.
Kazakhstan allowed the tenge to drop and Vietnam marked down the dong for the third time this year after the yuan’s decline last week made their exports less competitive.
