Big Money, New Money, and ATMs: Valuing Vietnamese Currency in Ho Chi Minh City

Allison Truitt

A chapter in Markets and Market Liberalization: Ethnographic Reflections, 2006, pp 283-308 from Emerald Group Publishing Limited

Abstract: Reforms of the Vietnamese economy have been widely credited for stabilizing the value of the state-issued currency in the marketplace. Nevertheless, how people evaluate the Vietnamese dong as a symbolic form can be read as a symptom of shifting economic and political forces, above all in Ho Chi Minh City, a city associated with commerce. Through three ethnographic cases – the introduction of “big money,” the scarcity of “new money” in 2002, and the campaign to build Automated Teller Machines (ATMs), this paper analyzes the contentious politics around symbolic exchange that shape confidence in Vietnamese currency.

Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:eme:reanzz:s0190-1281(05)24010-6

DOI: 10.1016/S0190-1281(05)24010-6

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