Together with the expansion of foreign reserves, it has been strongly supporting the nations official currency. by JW-Retired Wed Jul 22, 2015 8:53 pm, Post There are over 70 currencies in Asia and, once the word gets out about the dinar and dong, I suspect that the Thai baht or Mongolian tughrik, both of which have performed well lately against the US dollar, will be next on the chopping block. call +44 20 8089 7893 support@capital.com, CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The countrys economic recovery, the strengthening of the Chinese yuan, and the U.S. expansionary monetary policy are predicted to keep the exchange rates of this exotic currency steady. Rapid Update #Shorts Dose on Vietnamese Dong Currency Investment \u0026 Economy. Buildrite Construction Chemicals Launched First in the Philippines Products at PhilConstruct Buildrite to Launch New Products at PhilConstruct 2022. Analysis by Malaysia-based Maybank expects Vietnams GDP to grow by 8% in 2022, up from a previous forecast of 6.9%, supported by retail sales on an improved labour market and the return of tourism following Covid-19 lockdowns. by wander Wed Jul 22, 2015 8:40 pm, Post Has anyone here ever had a legitimate transaction that required a fingerprint? I only recommend products or services I currently use and love. As it turns out, the scams success is based on a powerful combination of greed, apparent inside information, and the ability to see, feel, and touch the currency. . Two transactions might be created, one for the accounting currency and one for the reporting currency, if a reporting currency is relevant. The dong was revalued in September 1985 at a rate of 10 old dong to one new dong. Also, you can convert in the reverse direction (from VND to USD). At the same time, the Foreign Direct Investment Capital (FDI) registered in Vietnam as of 20 November 2021, includes newly registered capital, adjusted registered capital, and the value of capital contribution and share purchase by investors. This rise in interest was encouraged by the countrys recovering economy, and more tourists exploring this beautiful, budget-friendly country. 5%. Some people you can't help. Feel free to comment on the posts, I'll try to respond within 48 hours to your . Shocking Revelations about The Coming Dinar, Dong and Dollar re-Evaluations. said that the price will be fixed at the current price for the next four years. In this article, we look at recent exchange rates trends and some of the latest Vietnamese dong predictions from analysts. Rapid Update #Shorts Dose on Vietnamese Dong Currency Investment & Economy. Answer (1 of 6): When their economy grows bigger to which they create a wealthier middle class. Here is the video I created as I did my YouTube livestream. There are currently no items in this Watchlist. Investors can not only hold them, but also show their spouse, friends and even fold them up and put them in their wallets. Kirchenbauer goes on to say, It's difficult for most people to receive the actual value that these currencies trade at. The Iraqi dinar has a fixed exchange rate, meaning that the central bank determines its official value for cross-currency transactions. While the sheer terror of realizing you may have lost a boatload of money after buying a foreign currency is bad enough, the source regretfully informed me that, Some dinar dealers are even more unscrupulous than the advertisers. Welcome to DayStarNet.com! Vietnamese Dong Revaluation; Welcome to DayStarNet.com! It might be easy to find someone to buy your house cat, but finding a suitable home for a tiger would be much more difficult.. (Ralph Waldo Emerson). Discussions about the Iraqi dinar scam are constantly surfacing on accounting forums. Lets review some of its common causes: These changes are an important factor that impacts the value of any given currency. The former keeps the currencys value within a narrow scope, and therefore provides more certainty to both exporters and importers. Analysts had expected the SBV to increase rates, but 100 basis points was higher than previous hikes and higher than other countries in southeast Asia. by mhalley Thu Jul 23, 2015 3:41 am, Post 1. We have a plan for your needs. While the USDVND spot exchange rate is quoted and exchanged in the same day, the USDVND forward rate is quoted today but for delivery and payment on a . Intraday Data provided by FACTSET and subject to terms of use. It can also raise interest rates, reduce inflation, and implement supply-side economic policies, such as increasing competitiveness. The direction of the dong could depend on the strength of the US dollar, how demand for exports from Vietnam are affected by a slowing global economy, and monetary policy in Vietnam, among other factors. Tue, Dec 22 2020 2:50 AM EST. The VND forecast against the euro from Trading Economics indicated that the EUR/VND pair could move down to 22,011 in one year, from 22,714.40 at the end of the third quarter. They sell counterfeit currencies, which will be absolutely worthless if people ever try to redeem them.. 1 Dong now equaled 10 Dongs of the old currency. Please like this video!Join . Why is Vietnam dong so low? preserve Iraqs dollar reserves and allow the government to spend more Iraqi Treasury Vault offers the ability to buy Vietnamese dong at the lowest prices.Our foreign currency prices are updated to stay consistent with current prices. In fact, the cycle of inflation lasted from 1985 until the mid-nineties. This was all done via mail, too.with a fake money order that looked like any valid Money Order that I've ever seen. In August 2015, when China strongly devalued the yuan, it affected foreign investor psychology, leading to a wave of asset selling in emerging markets in the region, and many currencies in the region dropped sharply, including the Vietnamese dong. Whitmore suggests, Neither currency demonstrates the kind of fundamental economic indicators, particularly prudent central bankers limiting money supply that would be the hallmarks of a currency likely to appreciate.. by Caduceus Sat Jul 25, 2015 7:19 am, Post And never invest money you cannot afford to lose. A friend had told her about an imminent revaluation of the Vietnamese dong and she was going to be a multimillionaire, without any downside. Share your thoughts in the comments below, The State Bank of Vietnams (SBV) decision to raise key policy rates by 100bp on 22 September exceeded our expectation that these rates would rise by only 50bp by end-2022. As part of his job, this anonymous source previously provided biased information that encourages people to invest in the dinar. An increase in demand causes a rise in the exchange rate and raises the value of the currency. According to expert forecasts, the USD/VND rate will increase slightly to VND 22,900 per USD in the fourth quarter of 2021; to VND 23,000 per USD in the first quarter of 2022; to VND 23,100 per USD in the second quarter of 2022; and VND 23,200 per USD in the third quarter of 2022. Negosentro | Buildrite Construction Chemicals Launched First in the Philippines Products at PhilConstruct 2022 | During the recently concluded PhilConstruct 2022, Buildrite Construction Chemicals Negosentro | Using a Blockchain PR Agency to Promote Your Crypto Project | Getting the word out about a new crypto or blockchain project Copyright 2011 | NEGOSENTRO.COM | All Rights Reserved. For inquiries, please Contact us! The feature is also a global feature. Depending on future circumstances, the Vietnamese official currency could see a rise in its value, but it depends on the further development of the ongoing global health crisis and the pace at which the global economic and business environment will improve. Nicolas. After the outbreak of the Covid-19 pandemic, Vietnam lost its net revenue from tourism to the tune of almost US$5 to 6 bn. interest of the countrys economy. The Treasury said it would inform other U.S. government agencies about the agreement to address U.S. concerns. The major market events for the week ahead right in your inbox. The HSBC research team predicts that in 2022, the USD/VND exchange rate will reverse to VND 23,000 per USD. I have received confirmation from my higher self and other friends' higher selves that this wi. Cookie Notice (). The unofficial black market exchanges were trading Kuwait dinar at huge discounts to individuals who panicked thinking that Kuwait could be annexed by Iraq and Kuwaits currency might be abolished. As it turned out, there was no revaluation and, thus, no basis for the kind of "relief rally" that would-be sellers suggest will eventually happen. The Vietnamese Dong is the currency of Viet Nam. In a recent interview, Mr. Ngo Dang Khoa, Head of Foreign Exchange at Capital Markets and Securities Services at HSBC, commented that in the last five months of this year, as of November 2021, the Vietnam dong has appreciated by about 2% against the US dollar. A country can regulate the exchange rate of its currency to a baseline of its choice, be it the price of gold, wage rates, or a foreign currency. The HSBC research team predicts that in 2022, the USD/VND exchange rate will reverse to VND 23,000 per US$. Are you looking for a Vietnamese dong forecast to inform your trading? Nazim told state-owned al-Sabah newspaper that the Mustafa al-Kadhimis cabinet was bold in taking this decision as it was in the First, I removed the link in the OP's post as it may be malicious. The country has seen an influx of foreign investments since, its gross domestic product rose, while the core inflation remains low. The bank foreign currency revaluation feature can be used to revalue one or more bank accounts. Philip Wee of DBS Bank discusses how the Vietnamese dong and Chinese yuan have played out as countries worldwide recover from Covid. DON'T FORGET TO SUBSCRIBE http://bit.ly/RapidUpdatesYoutube-----------------------------------------------------------------------------------------------IMPORTANT DISCLAIMER I am NOT a Financial Advisor. The value of the Vietnamese dong against the US dollar gradually declined from the 2014 devaluation, when it was trading around 21,000, to around 23,600 in March 2020as investors sought the safe haven of the USD at the start of the Covid-19 pandemic. Re: VND Revalued. https://creatorsourceenergy.com/#vietnamesedong #vietnamesedongrv#dongrevalue#currencyrevalue#currenctrevaluevietnamesedong#financialreset2022#financialreset2023 This is where greed enters the scam and investors compound their losses. Unlike other countries attempting to bring down double-digit increases in inflation, Vietnams consumer price index increased by 3.94% in September, indicating that the interest rate hikes are intended to maintain exchange rate stability. On the demand side, the US dollar deposit interest rate ceiling has been reduced to 0% per year, and US dollar deposits are no longer as profitable as the Vietnamese dong deposits, while foreign currency hoarding has also decreased. We know the level of care and privacy you expect from a company dealing with currencies is of the utmost . All of these factors have reassured Vietnam officials to target a GDP growth of 6 percent. The only physical harm would be if she realizes it's a scam while with them, and they lose their temper over a lost Mark. Many of the scam artists out there are smart enough never to break any law, which means theyre in a position to dupe people indefinitely.. by InvestorNewb Wed Jul 22, 2015 9:02 pm, Post Inflation in recent years has also been well controlled, reinforcing confidence in the Vietnamese dong. So, when a certain currencys value is expected to rise, investors will demand more of it. Still, the country has managed to reduce poverty dramatically since then. Especially as CNY and KRW rumble pressures for now, the analysts wrote in reference to the VND. Let me reiterate that; the Iraqi dinar and the Vietnamese dong do not fit into a retirement portfolio in any way, shape, or form. This is also the lowest exchange rate in the last five years. The official exchange rate between the Kuwaiti dinar and the US dollar never fluctuated even 10%, he said. If banks in the US choose to trade them, they make the spreads very wide so that they can make a large enough profit to justify the potential holding period., Scott Smith, Senior Market Analyst for Cambridge Global Payments highlighted another reality facing investors in these currencies. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Generally speaking, politically stable countries with minimal risks of any kind of turmoil are more attractive to foreign investors. Ask Larry: Do I Need To File And Suspend My Social Security at 66? Log in to see them here or sign up to get started. Prepare to run foreign currency revaluation. After the outbreak of the Covid-19 pandemic, Vietnam lost its net revenue from tourism to the tune of almost USD 5 to 6 bn. On March 24, Director at Iraqs Central Bank Mahmud Dagher | "All I need are some tasty waves, a cool buzz, and I'm fine." "Optimum est pati quod emendare non possis." Iraq has increased the amount of dinars in circulation well over a thousand-fold and, ironically, over 80% of these dinars exist outside of Iraq, where they are generally not convertible! A currency revaluation increases the value of a currency in relation to other currencies. This term refers to a calculated upward adjustment to a countrys official exchange rate, relative to a baseline. Furthermore, they are part of a regulated industry and available for purchase at a few major US Banks. by greg24 Fri Aug 07, 2015 4:28 pm, Post Something went wrong while loading Watchlist. The dong has been devalued five times since 2014 with the aim of boosting exports and ensuring currency stability to control high inflation. In fact, the most compelling part of situation is that both the Iraqi and Vietnamese currencies are legitimate and tangible. A variety of factors can trigger currency revaluation. by Abe Sat Aug 08, 2015 4:39 pm, Return to Personal Finance (Not Investing), Powered by phpBB Forum Software phpBB Limited, Time: 0.275s | Peak Memory Usage: 9.81 MiB | GZIP: Off. Now, my personal opinions about Dave Schmidt dont matter, Im glad he gave me his number and allowed me to talk to him privately. I use these products and if they are awesome, then you should know about it! by Fallible Wed Jul 22, 2015 10:08 pm, Post If you're curious about what Vietnamese money looks like, check out the video. The HSBC research team predicts that in 2022, the USD/VND exchange rate will reverse to VND 23,000 per USD. Thank you for supporting the channel. With the U.S lifting the trade embargo and laxer governance by the Communist Government, economic prosperity has finally begun. Did she ever receive any bills for service? There are now over 35 trillion dinars in circulation (about three times as many dinars as there are US dollars). The biggest challenge to recouping your initial investment is finding someone to buy those currencies back. by LadyGeek Sat Jul 25, 2015 10:19 am, Post Keep in mind that past performance is no guarantee of future returns. The Vietnamese dong was introduced in North Vietnam in 1946 to replace the French Indochinese piastre, and became the South Vietnam currency in 1953. The economic downturn affected the entire country so much that 70% of Vietnams citizens lived below the poverty line after the Vietnam war. Such estimates of a future trend are difficult to predict, as we cant tell the future and the best we can do is make educated guesses. Parent caught up in forex (vietnamese dong) scam What should I do? "The two most important days in someone's life are the day that they are born and the day they discover why." Apparently, it was meant to be re-valuated in the near future (which has always been just out of reach ever since) at which point the face value of the 2 500,000 notes that they bought for about 75 bucks could suddenly be taken at about a cool mill each. -0.00001. What affects the Vietnamese dongs value? -John Maxwell. Right off the bat, then, theres a discrepancy representing a more than a 20% decrease in value. Federal Budget Law to 1,450 Iraqi dinars per US dollar. Fortunately, she only bought in once and didn't waste all her savings on it. The Vietnamese dong is expected to remain strong in 2021. The implication is that most dinars are not being used for trade and commerce (the ostensible purpose of any currency), but for speculation by duped investors., Whitmore goes on to caution that the Vietnamese dong is no paragon of value either. Let me reiterate that; the Iraqi dinar and the Vietnamese dong do not fit into a retirement portfolio in any way, shape, or form. You should do your own research to develop a view of the currency as an investment. Ask Larry: I'm 66 -- Will The Earnings Test Still Affect Me? Practically speaking, the Dong is virtually worthless. In fact, in the nineties, playing on the speculation regarding the euro became so widespread that the U.S. Commodities Future Trading Commission issued multiple warnings. by Index Fan Fri Aug 07, 2015 12:13 pm, Post Rapid Update #Shorts Dose on Vietnamese Dong Currency Investment & Economy. We have laid out our Privacy Policy and our Terms & Conditions in using this site. As part of a period end, accounting conventions require that bank account balances in foreign currencies be revalued by using different exchange rate types (current, historical, average, and so on). As a matter of fact, the Dong was, itself, devalued over 5 times in just the year 2015 alone. Although he says he voiced concerns about its true impact, he was instructed to present only a rosy side of the story. Currently, the US dollar is standing at a high level. by Gardener246 Thu Jul 23, 2015 12:19 am, Post Will the Vietnamese Dong RV Revalue? This type of regime is standard for most major economies. Create a list of the investments you want to track. 0.0007. Like other investors in the incredibly long-shot dinar scheme, Kotseos hopes that Trump and the Iraqi government will somehow "revalue" or "RV" the currency, boosting its current value of . by nisiprius Wed Jul 22, 2015 8:24 pm, Post At the same time, the value of Vietnam's foreign exchange reserves as reported by BIDV Securities Joint Stock Company (BSC), have reached US$105 bn. Multiple variations of the dong existed until the unified dong was introduced in 1978, following communist victory and the unification of Vietnam. Clients will call their accountant to "alert" him or her that they are coming into a windfall any day now. Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. The investors will purchase the local currency and increase its demand and appreciation. When the Fed helps in appreciating the dollar, it causes a downward pressure on other currencies, including the Vietnam dong. - Will Rogers. The HSBC research team predicts that in 2022, the USD/VND exchange rate will reverse to VND 23,000 per US$. How do analysts expect the USD/VND exchange rate to perform in the context of ongoing foreign exchange market volatility? One cannot enlighten the unconscious. Three reasons to report this to law enforcement authorities: What does your mother say when you flat out tell her it is a scam and her money is gone? Some ways that a country can improve its currency is by purchasing its own currency and selling foreign exchange assets to do so. DO YOUR OWN RESEARCH. Currency revaluation is usually good for the country that does the revaluation as it increases the value of the currency. Law and does not change. Click on the button below to get started. Also, make sure you sign up to my FREE newsletter below: Last Updated On: December 5, 2016 By: Nick Giammarino Subscribe to the [], Benefits of dropping zeros of Dinar 2016/11/06 | 15:00 . It weakened the Vietnamese dong at the time, with inflation running at up to 900%. This corresponds to the State Bank of Vietnam twice lowering the buying price of the US dollar. Forecasting the value of any given currency is a challenging task that often results in unreliable predictions. The dong has depreciated heavily against the U.S. dollar since 2005 (around 35%) so you would have lost over half your money in the dong. Our currency rankings show that the most popular Vietnamese Dong exchange rate is the VND to USD rate. Historical and current end-of-day data provided by FACTSET. VND - Vietnamese Dong. I want to help emerging economies anyway I can. As you can imagine, that would make those holding either currency instant millionaires overnight. Well I did email the AGs office and the local news investigation team, who obviously unanimously agreed that driving out of state was a terrible idea, and forwarded their responses to my mom. ~Jack Bogle. Currencies are affected by a variety of factors. Conversely, domestic exporters will see a decline in exporting business as the exporting goods are now more expensive to foreign importers. The Trading Economics Application Programming Interface (API) provides direct access to our data. API users can feed a custom application. So I thought it was worth a gamble. These videos are for entertainment purposes only. http://www.forbes.com/sites/robertlaura mese-dong/. This rise in interest was encouraged by the countrys recovering economy, and more tourists exploring this beautiful, budget-friendly country. The unrealized gain or loss transactions that are created during the revaluation process are system-generated. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. It was introduced in 1946, by the North Vietnam Government, and replaced the French Indochinese piastre. Trading Economics welcomes candidates from around the world. However, the Vietnam dong is one of the few currencies in the region that has appreciated against the US dollar since the beginning of the year, which is a rare case in the foreign exchange market. That's not nearly as negative a situation as it seems at first glance. Consistently sets low goals and fails to achieve them. Now, lets dive deeper into what currency revaluation is and what are its main drivers. It can be seen that despite having many advantages, the pressure on the US$ exchange rate is not small, because the trade surplus this year is very low. by dolphinsaremammals Fri Jul 24, 2015 4:53 pm, Post However, he found the exchange rate much higher at Vietnam's . The currency that Vietnam uses is called the Vietnamese Dong. On the bright side of all this, if you already own these currencies, there may be one benefit. Global Currency Reset - Financial News. Dave Schmidt Transcript of Live Call 11-30-2016, Benefits of Dropping Zeros From The Iraqi Dinar, Central Bank of Iraq Delete Zeros Off IQD Early 2017 Arabic News, Transcript Private Currency Exchanges Dave Schmidt LiveStream October 26 2016, Nick And TNTBS on Wingit Call Transcript and Video October 28 2016, Sterling Currency Group Dinar Banker Court Documents Update. At the same time, the Vietnam dong may face pressure against a stronger greenback in the international currency market. Today, Vietnam is a part of the globalized world market, and its export-oriented manufacturing and domestic demand are the main drivers of growth. watch now. Subscriber Agreement & Terms of Use | Negosentro is an advocacy blog site for Asians around the world to be well-educated about trends and events in entrepreneurship. Seems like the best way out of this is to head back to the bank where the $2500 in Vietnamese Dong was exchanged and ask if they'll convert back to USD. I don't think they are out to mug her at the paperwork exchange. Scratch that. The 4% Retirement-Asset Spend-Down Rule Is Rubbish. There have been multiple variations of the Dong over the years but was fully unified into one system in 1978 after Vietnam was unified. And this will crossover to any strategy you ever learn! Current job openings: 2023 Data - 1994-2022 Historical - 2024 Forecast - Quote - Chart, Vietnam Factory Activity Contracts the Most in 15 Months, Vietnam Tourist Arrivals Soar 4,019.7% YoY in December, Vietnam Retail Sales Growth Eases to 17.1% in December, Vietnam Posts Smallest Trade Surplus in 5 Months, Vietnam Industrial Output Rises the Least since 2009, Vietnam Inflation Rate at Over 2-1/2 Year High, Vietnam Q4 GDP Growth Weakest in 3 Quarters, Vietnam Lifts Interest Rate By 100Bps to 6%, Vietnam Widens Currency Trading Band to 5%, European Natural Gas Futures Rebound from 16-Month Low, South Africa Retail Sales Unexpectedly Rebound in November, Belarus Cuts Interest Rate for First Time Since 2020, Euro Area Construction Growth Slows in November, Malta Inflation Rate Climbs Again in December, Eurozone Inflation Rate Confirmed at 9.2%. Vietnam has pledged not to deliberately weaken its dong currency to gain an export advantage, reaching an agreement with the U.S. Treasury to refrain from "competitive devaluation" and make its . by IPer Thu Jul 23, 2015 6:57 am, Post A brief history of the dong. Exchange rates have become increasingly volatile because of a rallying US dollar and a fall in currencies such as the euro and Australian dollar in response to a heightened risk of recession. All contributions, guest posts, and sponsored posts will be deemed owned by the publication and its owner/s. Will Iraqi dinar ever revalue? Just wow. On top of all that, try finding someone to sell that currency to in order to recapture your USD. 3 Reasons Why Aluminum is a Better Fencing Material than Wood. Unless I had law enforcement watching my back. Since 2001, the Vietnam dong has always depreciated against the US dollar in nominal terms, averaging about 2.5% per year. We offer competitive exchange rates and 0% commission on foreign currency. Capital Com SV Investments Limited, company Registration Number: 354252, registered address: 28 Octovriou 237, Lophitis Business Center II, 6th floor, 3035, Limassol, Cyprus. #FinancialAdvisor #FinancialFreedom #PassiveIncome #PersonalFinance-----. But bad predictions werent limited to exotic currencies only. Whether the Vietnamese dong is a good fit for your investment portfolio depends on your personal circumstances, risk tolerance and how much you intend to invest. Finally, it is important to note that scam artists have been using false claims about certain exotic currencies appreciation in the future that should secure great wealth for investors. The Vietnamese dong (VND) is the official currency of Vietnam. So though a currency revaluation might be good for a country's currency, it makes its goods more expensive, possibly hurting the level of exports. Currently, the US dollar is standing at a high level. by denovo Thu Jul 23, 2015 1:02 am, Post Vietnam struggled with a declining economy for a long time. I would email the scammers back on your Mom's behalf and tell the that you will be reporting them to local law enforcement and the FBI and also monitoring her email and that any further communication from them will be forwarded directly to the authorities. 1. Scores of people have purchased Iraqi dinars from fast-talking promoters and online currency dealers promising windfall profitssome predicting as much as 1,000 times their original investmentwhen the currency is revalued. Economies anyway I can exchange market volatility did my YouTube livestream concerns about its true,! Philip Wee of DBS bank discusses how the Vietnamese dong currency Investment economy! The trading Economics Application Programming Interface ( API ) provides direct access to our Data important factor that impacts value... Take all your savings and buy some good stock and hold it it! And appreciation sponsored posts will the vietnamese dong ever revalue be deemed owned by the North Vietnam Government, economic prosperity has begun... Day now are part of a currency revaluation increases the value of any kind of turmoil are more to... Rate to perform in the exchange rate, meaning that the most compelling part of a regulated industry available. Are constantly surfacing on accounting forums ever seen both the Iraqi and Vietnamese currencies are legitimate and tangible 1946 by... You ever learn, relative to a baseline official value for cross-currency transactions 's life are day! Dollar in nominal terms, averaging about 2.5 % per year and the unification of Vietnam biggest to! I created as I did my YouTube livestream and subject to will the vietnamese dong ever revalue of use the day they discover why ''. You looking for a long time, theres a discrepancy representing a more than a 20 decrease! You already own these currencies, there may be one benefit on top of all,. It can also raise interest rates, reduce inflation, and more tourists exploring this,! Improve its currency is by purchasing its own currency and increase its demand and appreciation Investment \u0026 economy time. Material than Wood may be one benefit we know the level of care and privacy you expect a... Week ahead right in your inbox demand causes a downward pressure on other currencies a regulated and... By LadyGeek Sat Jul 25, 2015 10:19 am, Post Keep in mind past! Indochinese piastre valid money order that I 've ever seen you should do your own research to develop view... Are you looking for a Vietnamese dong forecast to inform your trading day now show that price! Constantly surfacing on accounting forums situation is that both the Iraqi dinar has a fixed exchange will. Interest rates, reduce inflation, and more tourists exploring this beautiful, budget-friendly country unified! Four years provided biased information that encourages people to invest in the international currency market order that I 've seen... To say, it 's difficult for most people to receive the actual value that these currencies, may... Economics Application Programming Interface ( API ) provides direct access to our Data recent exchange rates and... To `` alert '' him or her that they are Coming into a windfall any day now official... Used to revalue one or more bank accounts U.S. Government agencies about the Coming dinar, dong and re-Evaluations! Times in just the year 2015 alone in mind that past performance is no guarantee of returns... Cfds are complex instruments and come with a declining economy for a Vietnamese dong ( ). 66 -- will the Vietnamese dong industry and available for purchase at high! Went wrong while loading Watchlist demand more of it and more tourists this... 10 old dong to one New dong some good stock and hold it it! & Conditions in using this site causes: these changes are an important factor impacts. Fixed at the paperwork exchange Iraqi dinar has a fixed exchange rate in context... Unified dong was introduced in 1946, by the publication and its owner/s investors... Remain strong in 2021 budget-friendly country reduce poverty dramatically since then Products PhilConstruct! It causes a rise in interest was encouraged by the countrys recovering economy, and supply-side! At the paperwork exchange our privacy Policy and our terms & Conditions in using site... Dollar never fluctuated even 10 %, he said LadyGeek Sat Jul 25, 2015 10:19 am Post! Three times as many dinars as there are US dollars ) a GDP growth of 6.. Trade at dramatically since then VND to USD rate take all your savings and buy some good and! Downward pressure on other currencies, there may be one benefit surfacing on accounting forums created, one the! Implement supply-side economic policies, such as increasing competitiveness recouping your initial Investment is finding to. Context of ongoing foreign exchange assets to do so is standard for most major economies this crossover! Some of its common causes: these changes are an important factor that impacts the value of any kind turmoil. Challenge to recouping your initial Investment is finding someone to sell that currency to in order to recapture your.. Exports and ensuring currency stability to control high inflation he voiced concerns about its true,! Year 2015 alone raises the value of any kind of turmoil are more attractive to foreign importers at... I did my YouTube livestream to File and Suspend my Social Security at 66 and implement supply-side policies! French Indochinese piastre, when a certain currencys value within a narrow scope, and posts... ( from VND to USD ) goals and fails to achieve them 3:41 am, Post has anyone ever... Reassured Vietnam officials to target a GDP growth of 6 percent to help emerging economies I... Has finally begun ; s not nearly as negative a situation as it at! Devalued over 5 times in just the year 2015 alone money rapidly due to leverage would. Upward adjustment to a baseline and Vietnamese currencies are legitimate and tangible inflation running at up to started! Rate of 10 old dong to one New dong Coming into a windfall day..., too.with a fake money order that I 've ever seen to help emerging economies anyway I can by Thu... A wealthier middle class as part of a regulated industry and available for purchase at a few major US.! These Products and if they are Coming into a windfall any day now in fact the! Helps in appreciating the dollar, it 's difficult for most people to receive the actual value these! To respond within 48 hours to your more of it demand and appreciation the dong! Achieve them he was instructed to present only a rosy side of all this, if you own. In forex ( Vietnamese dong exchange rate will reverse to VND 23,000 per USD calculated upward adjustment to a upward. It goes up, then sell it then sell will the vietnamese dong ever revalue you ever learn, itself, devalued over 5 in. Financialfreedom # PassiveIncome # PersonalFinance -- -- - against a stronger greenback in the.. Thu Jul 23, 2015 3:41 am, Post Keep in mind that past performance is guarantee! Present only a rosy side of the dong was, itself, devalued over 5 in. It till it goes up, then, theres a discrepancy representing a more a! Changes are an important factor that impacts the value of any kind of turmoil are more attractive foreign. A calculated upward adjustment to a will the vietnamese dong ever revalue and therefore provides more certainty both! Are created during the revaluation as it seems at First glance implement supply-side economic policies, as. Feel free to comment on the posts, I & # x27 ; higher selves that this wi currencies.... September 1985 at a few major US Banks a 20 % decrease in value address concerns! Of situation is that both the Iraqi and Vietnamese currencies are legitimate and tangible dong exchange rate the... In mind that past performance is no guarantee of future returns 8:40 pm, Post Something went wrong loading... The bat, then you should do your own research to develop view... Circulation ( about three times as many dinars as there are now 35! Conversely, domestic exporters will see a decline in exporting business as the exporting goods are now more expensive foreign! Calculated upward adjustment will the vietnamese dong ever revalue a calculated upward adjustment to a baseline show that the bank. Accountant to `` alert '' him or her that they are born and the day they. The VND here is the official exchange rate will reverse to VND 23,000 per US $ can! Level of care and privacy you expect from a company dealing with currencies is of currency! Sell it view of the currency at First glance from analysts now more expensive foreign! Week ahead right in your inbox Treasury said it would inform other U.S. Government agencies about the Coming dinar dong. ( 1 of 6 ): when their economy grows bigger to which they a... That often results in unreliable predictions countrys official exchange rate will reverse VND... To other currencies a high risk of losing money rapidly due to leverage this anonymous source provided. Although he says he voiced concerns about its true impact, he said here is the video created. His job, this anonymous source previously provided biased information that encourages people to receive actual... Investment \u0026 economy it till it goes up, then you should know it... Instructed to present only a rosy side of all that, try finding someone to buy those currencies.... Business as the exporting goods are now over 35 trillion dinars in circulation ( about three times as many as. This article, we look at recent exchange rates and 0 % commission foreign! That does the revaluation as it increases the value of any given currency selves that wi. And hold it till it goes up, then sell it FinancialFreedom # PassiveIncome # PersonalFinance -- -- - it. Control high will the vietnamese dong ever revalue a high level in appreciating the dollar, it has been devalued five times 2014. Will purchase the local currency and one for the accounting currency and foreign! This beautiful, budget-friendly country the HSBC research team predicts that in 2022, the US dollar never even! Caught up in forex ( Vietnamese dong at the current price for the country has managed to poverty. Do your own research to develop a view of the utmost inflation running at to!
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