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MainMoney Matters – What countries in Asia have dual exchange rates? All Topics

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Abrak
Zmegs,

If you are looking for an asian exchange rate regime similar to Myanmar, I think that North Korea is your best bet.


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Posted on: 2:23 am on Mar. 30, 2005
Smegma
Well, like Zimbawe will be better: country where there is a big difference between the official rate and the parallel rate but with a larger amount of FX being traded.


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Posted on: 2:27 am on Mar. 30, 2005
Abrak
Well I dont know what you are looking for Smegs...

All 3 countries have at least a 10 times difference between official and black market rates.

You said we werent allowed to choose non-asian countries... or else we have S. America, Cuba for instance, to think of. If you are doing a strict comparison with Burma, N.Korea is good because of the lack of international trade. The routes around Zimbabwe transactions are fairly well documented because of the amount of international trade.


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Posted on: 2:39 am on Mar. 30, 2005
DaffyDuck
Sounds like an update of the World Currency Cartel:

http://www.mmfhoh.org/modules.php?name=News&file=article&sid=64



Dr. von Quack!


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Posted on: 4:03 am on Mar. 30, 2005
Buai
Vietnam does to a small degree. If you want to transfer $1 million out, no bank will give you the official rate if you call them up. You either pay an extra "administrative fee" or you sit in the queue for a few weeks. The difference isn't huge though, less than a percentage point.


Buai


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Posted on: 4:06 am on Mar. 30, 2005
Broken Leg
Come on smeggy, lets hear what you're up too.


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Posted on: 4:43 am on Mar. 30, 2005
Smegma

Quote: from Abrak on 2:33 pm on Mar. 30, 2005
Well I dont know what you are looking for Smegs...

All 3 countries have at least a 10 times difference between official and black market rates.


Which three? I know you mentioned N. Korea and Myanmar. Which is the other one?

What am I looking for? I will tell you later.


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Posted on: 6:19 am on Mar. 30, 2005
     

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