Helps the rest of us stay on our toes. This is a record high level of foreign exchange reserves in Vietnam. Rapid Update #Shorts Dose on Vietnamese Dong Currency Investment \u0026 Economy. Producers and traders now benefit from a low interest rate on their loans and an increasing deposit rate. Enter the amount of money to be converted from U.S. Dollar (USD) to Vietnamese dong (VND), it is converted as you type. by Caduceus Sat Jul 25, 2015 7:19 am, Post How old is your mother? These are short clips under a minute by Youtube. Theyre usually lured into buying tens of millions in foreign currency in hopes of spectacular wealth, only to be left holding money that isnt worth the paper its printed on. by ponyboy Thu Jul 23, 2015 7:40 am, Post My Portfolio: VTI [US], VXUS [Int'l], VNQ [REIT], VCN [Canada] (largest to smallest). One US bank Kirchenbauer called was offering one million Vietnamese dong for $56.90, which works out to 17,574 VND per dollar. Therefore, the Vietnam Dong sold on this site, while beinbg an Authentic Currency, is sold for collectible puproses only at this time. Investing in Vietnamese dong is therefore proving to be a real opportunity for foreign investors, who must nevertheless keep an eye on inflation of the dong. Let me reiterate that; the Iraqi dinar and the Vietnamese dong do not fit into a retirement portfolio in any way, shape, or form. A currency revaluation seems unlikely, due to economic turmoil and the difficulty of trading the money outside of Iraq. When the Fed helps in appreciating the dollar, it causes a downward pressure on other currencies, including the Vietnam dong. by obgyn65 Thu Jul 23, 2015 3:43 am, Post The banks 2023 GDP forecast was downgraded to 6% from 6.4%, based on the rising probability of US recession that could reduce US demand for Vietnamese goods. These are short clips under a minute by Youtube. by Taylor Larimore Wed Jul 22, 2015 8:58 pm, Post 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. What will be the value of Vietnam dong in 2022? We have laid out our Privacy Policy and our Terms & Conditions in using this site. The SBV has been selling large amounts of US dollars from its foreign exchange reserves and has withdrawn trillions of dong through open market operations to maintain banking system liquidity and indirectly increase interbank interest rates. by pierremonfrere Wed Jul 22, 2015 10:51 pm, Post But the dollars rally in 2022 lifted the pair to a record high in September, reaching 23,513 on the last day of the month. This is a BETA experience. This was due to the countrys division into north and south after World War II. However, he found the exchange rate much higher at Vietnams Agribank. by Nicolas Fri Jul 24, 2015 7:02 pm, Post In 1985, the Dong was revalued. She got off easy. What is a realistic Vietnamese dong forecast for the future? Federal Budget Law to 1,450 Iraqi dinars per US dollar. Are you looking for a Vietnamese dong forecast to inform your trading? Amazing that people of sound mind (I'm perhaps assuming a lot here) fall for these things. You can read the original Central Bank of Iraq articles which I had translated here: http://dinarrvnews.net/central-bank-iraq-restructuring-iraqi-currency-deleting-zeros/ http://dinarrvnews.net/translated-central-bank-of-iraq-statements-on-iraqi-currency-deletion-of-zeros/ First article: Will the implementation of the project because [], At the request of a few people who were interested in the private exchanges, I went ahead and had this transcribed. The Vietnamese dong (VND) is the official currency of Vietnam. Predictions regarding the Iraqi dinar are a good example. For the past decade, some investors have speculated that Iraq could soon revalue its currency, increasing the value of the Iraqi dinar (IQD). I am concerned about what happens in the future. For example, when Iraqi oil production was at its all-time high, he was instructed to write an article arguing that this was great news for dinar. Shudder just thinking about it. 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.. $2500 isnt that much to get scammed. by millionaretrucker Fri Jul 24, 2015 4:38 pm, Post The Vietnamese dong is expected to remain strong in 2021. Watch out. Although he says he voiced concerns about its true impact, he was instructed to present only a rosy side of the story. While this may not work out for everyone or every situation, its worth trying to save a few tax dollars from the ordeal. The Vietnamese government aims to keep the value of the dong relatively stable to encourage exports and foreign investment. Please note, there are more [], Dinar Inc Iraq Currency Dealer From Florida, Dinar Vets Hacked Website Warning Adam Montana. The video here explains that there is a possible revaluation of the Vietnamese Currency, the Dong, abbreviated VND. What Whitmore drives home, though, that its an apples to oranges comparison. Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. The country has seen an influx of foreign investments since, its gross domestic product rose, while the core inflation remains low. The dinar became 99.3% less valuable overnight. Political stability is an important factor that can impact currency fluctuations. ", The Vietnamese central bank said the focus of its monetary policy framework is "to promote macroeconomic stability and to control inflation. Did she ever receive any bills for service? At the same time, the Vietnam dong may face pressure against a stronger greenback in the international currency market. Following are currency exchange calculator and the details of exchange rates between U.S. Dollar (USD) and Vietnamese dong (VND). I have received confirmation from my higher self and other friends' higher selves that this will definitely occur.https://creatorsourceenergy.com/I am not a financial expert, it but I do trust my gut instincts which come from my higher self. 2. Iraqi dinar will be fixed at the current price in the draft 2022 Federal Budget As you can imagine, that would make those holding either currency instant millionaires overnight. Will the Vietnamese Dong be Revalued Soon? Report Save Follow. 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. 5.99%. Will the Vietnamese dong revalue 2021? What is the Dong expected to revalue at? The Treasury said it would inform other U.S. government agencies about the agreement to address U.S. concerns. This is also the lowest exchange rate in the last five years. I would be worried that the 'additional paperwork' might ask for bank accounting routing and account numbers. by fidobogo Wed Jul 22, 2015 9:26 pm, Post Mizuho's Vietnamese dong forecast for 2022 indicates that the USD/VND pair could trade in a 23,300-24,200 range during the fourth quarter and end the year at 23,700. In fact, the most compelling part of situation is that both the Iraqi and Vietnamese currencies are legitimate and tangible. Hear My Story https://youtu.be/WWjVO34D1-AWELCOME TO RAPID UPDATES CHANNEL. Nazim told state-owned al-Sabah newspaper that the Will Vietnamese Dong increase in value? Negosentro.com respects your privacy. Pressure on currencies According to many analysis, the current movement of foreign currency cash flow will help increase foreign exchange reserves and also serve as a foundation and resource for the State Bank of Vietnam to continue to operate proactively and flexibly in the future. The Vietnamese dong has appreciated by around 2 percent against the US dollar in the last eleven months of this year. This corresponds to the State Bank of Vietnam twice lowering the buying price of the US dollar. In November this year, the US dollar climbed to a 16-month high when the US announced its highest inflation rate in the last thirty years. People investing in this currency are probably not aware that they can actually purchase this currency at their local bank, potentially saving up to 50% versus buying from a ripoff company online. Share. The economic downturn affected the entire country so much that 70% of Vietnams citizens lived below the poverty line after the Vietnam war. In addition to these four factors, large-scale events that impact the overall economy, its competitiveness and profitability, can also alter the value of a currency. By 2020, something unexpected happened when the Vietnam dong increased slightly by 0.2% against the US dollar. Non-investing personal finance issues including insurance, credit, real estate, taxes, employment and legal issues such as trusts and wills. . All quotes are in local exchange time. 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. ", But the central bank agreed to "improve exchange rate flexibility over time," allowing the dong to move in line with the development of the country's markets and economic fundamentals, and to further modernize and make more transparent its monetary policy and exchange rate framework. Vietnamese Dong/Chinese Yuan 0.000288 0.000001 0.46% Vietnamese Dong/Chinese Yuan Offshore 0.000289 0.000001 0.43% The dong (Vietnamese: ng, Ch Nm: ) (/ d /; Vietnamese: [wm]; sign: or informally in Vietnamese; code: VND) has been the currency of Vietnam since 3 May 1978. On the bright side of all this, if you already own these currencies, there may be one benefit. A couple months ago my mom called and told about an "investment opportunity" that she had already put her money in, and didn't want me to miss out (or any of my siblings, some of which had already put their money in too). 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. We offer competitive exchange rates and 0% commission on foreign currency. Yes, very nice for foreigners. by spectec Fri Aug 07, 2015 3:13 pm, Post - Will Rogers. 1. H NI The Vietnamese Vietnam has been establishing itself as a stable economy for a while, and a stronger Vietnamese dong would attract even more foreign capital to be invested in the country. Keep in mind that past performance is no guarantee of future returns. Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness; Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery. The expectation is also there that the US Federal Reserve (Fed) will tighten monetary policy, and raise interest rates. However, it should be known that the currency of Vietnam has actually been devalued over the past few years. by denovo Thu Jul 23, 2015 1:02 am, Post At the end of the war in 1975, the South Vietnamese dong was replaced by the liberation dong (which gets my vote as the best name for a currency ever). Similar to political stability, a strong economic environment can attract investments. 1 U.S. Dollar = 23,230.00 Vietnamese dong, 2 U.S. Dollar = 46,460.00 Vietnamese dong, 4 U.S. Dollar = 92,920.00 Vietnamese dong, 5 U.S. Dollar = 116,150.00 Vietnamese dong, 10 U.S. Dollar = 232,300.00 Vietnamese dong, 20 U.S. Dollar = 464,600.00 Vietnamese dong, 25 U.S. Dollar = 580,750.00 Vietnamese dong, 50 U.S. Dollar = 1,161,500.00 Vietnamese dong, 100 U.S. Dollar = 2,323,000.00 Vietnamese dong, 200 U.S. Dollar = 4,646,000.00 Vietnamese dong, 250 U.S. Dollar = 5,807,500.00 Vietnamese dong, 500 U.S. Dollar = 11,615,000.00 Vietnamese dong, 1000 U.S. Dollar = 23,230,000.00 Vietnamese dong, 2000 U.S. Dollar = 46,460,000.00 Vietnamese dong, 2500 U.S. Dollar = 58,075,000.00 Vietnamese dong, 5000 U.S. Dollar = 116,150,000.00 Vietnamese dong, 10000 U.S. Dollar = 232,300,000.00 Vietnamese dong, 20000 U.S. Dollar = 464,600,000.00 Vietnamese dong, 25000 U.S. Dollar = 580,750,000.00 Vietnamese dong, 50000 U.S. Dollar = 1,161,500,000.00 Vietnamese dong, 100000 U.S. Dollar = 2,323,000,000.00 Vietnamese dong, 200000 U.S. Dollar = 4,646,000,000.00 Vietnamese dong, 500000 U.S. Dollar = 11,615,000,000.00 Vietnamese dong, 1000000 U.S. Dollar = 23,230,000,000.00 Vietnamese dong. Welcome to DayStarNet.com! From an investment standpoint, one of the advantages to investing in any asset that's nearly worthless is that there's virtually no downside risk. Vietnamese dong forecast: How will the VND fare against USD and EUR. If your siblings also went along with this, it's time for a family chat- as soon as possible - about scams and such. Risk warning: onducting operations with non-deliverable over-the-counter instruments are a risky activity and can bring not only profit but also losses. by corn18 Thu Jul 23, 2015 7:11 am, Post Parent caught up in forex (vietnamese dong) scam What should I do? Ultimately, Iraq ended up devaluing its currency in 2020, meaning that anyone who had invested in 2014 would have lost at least 20% of their money. At one point, the US Dollar Index (DXY) measured the dollar volatility with six other key currencies, namely, EURO, JPY, GBP, CAD, SEK, and the CHF. Also, you can convert in the reverse direction (from VND to USD). "Yes, investing is simple. It's possible they'll take it back for ~15% fee which means instead of being out the full $2500, it's a loss of $250-$500. By 2020, something unexpected happened when the Vietnam dong increased slightly by 0.2% against the US dollar. So, the dong does not appear to be a good investment based upon its risk-reward profile either.. by ShiftF5 Wed Jul 22, 2015 8:49 pm, Post From October 2021, the trade balance reversed from trade deficit to trade surplus. 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. Subscriber Agreement & Terms of Use | 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 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. The HSBC research team predicts that in 2022, the USD/VND exchange rate will reverse to VND 23,000 per USD. When the Fed helps in appreciating the dollar, it causes a downward pressure on other currencies, including the Vietnam dong. The 4% Retirement-Asset Spend-Down Rule Is Rubbish. Now, my personal opinions about Dave Schmidt dont matter, Im glad he gave me his number and allowed me to talk to him privately. As you say AL it would be better if they stripped those darn noughts out. Considering the law of supply and demand, the supply of US dollar is high but the demand is small, and the buying price of the US dollar will be cheaper inevitably. 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. It is now to be seen whether this trend will continue in the coming year or not. Analysts at Maybank noted at the end of August that USD strength has persisted for a tad longer than expected While the VNDs support from trade surplus may not be entirely relied on given weakening external demand, we like to remain constructive on the VND based on its strong economic outlook that can continue to sustain inflows (portfolio/direct investment).. Risk Disclosure Statement. They sell counterfeit currencies, which will be absolutely worthless if people ever try to redeem them.. And then actually report them. watch now. Yes, their exports might be increasing, however, their debt (internal/external) is also increasing at a faster pace than their exports. Generally speaking, politically stable countries with minimal risks of any kind of turmoil are more attractive to foreign investors. I often get calls asking about the Iraqi dinar. Countless warnings and blood soaked war stories are prevalent online, but to my surprise investors continue to fall for it, throwing good money at a very bad idea. by JW-Retired Wed Jul 22, 2015 8:53 pm, Post The feature is also a global feature. 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. For inquiries, please Contact us! Capital Com SV Investments Limited is regulated by Cyprus Securities and Exchange Commission (CySEC) under license number 319/17. I want to help emerging economies anyway I can. 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.. And never invest money you cannot afford to lose. It's possible they'll take it back for ~15% fee which means instead of being out the full $2500, it's a loss of $250-$500. Iraqi Dinar Guru News - Revaluation Updates and Facts, Iraq Currency Updates - IQD RV News Recaps and Detectives Analysis. 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 . Vietnamese Dong. First, I removed the link in the OP's post as it may be malicious. New Dong Currency Update. Cookie Notice (). Our editors reserve the right to edit, update or do any action on such content as deemed necessary and appropriate at any given time. Capital Com SV Investments Limited, company Registration Number: 354252, registered address: 28 Octovriou 237, Lophitis Business Center II, 6th floor, 3035, Limassol, Cyprus. Its important to remember that currency markets are highly volatile, making it difficult for analysts and algorithm-based forecasters to come up with accurate long-term predictions.We recommend that you always do your own research. 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 . by MossySF Fri Jul 24, 2015 11:14 pm, Post You might try the FBI, but this sounds a lot like the old Nigerian scam of laundering money for the prince. According to many analysis, the current movement of foreign currency cash flow will help increase foreign exchange reserves and also serve as a foundation and resource for the State Bank of Vietnam to continue to operate proactively and flexibly in the future. -0.00001. Join the 480.000+ traders worldwide that chose to trade with Capital.com, Also you can contact us: Accordingly, the balance of trade in goods in last eleven months is estimated at a surplus of US$225 mn. So I invested around 60 and if it happens this will be worth nearly a million pounds. Today, Vietnam is a part of the globalized world market, and its export-oriented manufacturing and domestic demand are the main drivers of growth. Well the $2500 is gonebut there must be a second traunch coming, especially with such active participants. by IPer Thu Jul 23, 2015 6:57 am, Post The thumbprint is a nice touch. This was all done via mail, too.with a fake money order that looked like any valid Money Order that I've ever seen. 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. by barnaclebob Wed Jul 22, 2015 9:26 pm, Post At this point, their exports will decrease due to more expensive labor. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. Both monetary units are often referred to as scam currencies for good reason. When you run the revaluation process, the balance in each bank account that is posted in a foreign currency will be revalued. Hopefully she will learn from her mistake. According to Mark Whitmore, founder and portfolio manager of Whitmore Capital, LP - a hedge fund that invests exclusively in currencies the likelihood of either currency ever trading on a par value to the US dollar is preposterous. He says that dinar advocates often note that Kuwaits currency appreciated hundreds of percent after Iraq left the country following its failed invasion. For 2016, the panel projects the dong to trade at 22,108 per USD. 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. Lets review some of its common causes: These changes are an important factor that impacts the value of any given currency. Join us in creating opportunities and sharing ideas to all. by profnot Thu Jul 23, 2015 3:36 pm, Post 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. ^^^ Leave that for the professionals (FBI, etc.). Investing in Vietnamese dong is therefore proving to be a real opportunity for foreign investors, who must nevertheless keep an eye on inflation of the dong. Accordingly, the strong trend of the Vietnamese dong against the US dollar will continue to be maintained for the rest of 2021. Opinions expressed by Forbes Contributors are their own. 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. A variety of factors can trigger currency revaluation. Reply. At the beginning of 2021, this index was only at 90.535 points. This idea has given birth to many "investment" scams, promising 1,000-fold returns to investors who buy dinars at a steep markup. by nisiprius Wed Jul 22, 2015 8:24 pm, Post The current documents are available from Pacer via this link https://ecf.gand.uscourts.gov/cgi-bin/mobile_query.pl?search=dktEntry&caseid=218667&caseNum=1:15-cv-02677-LMMyou must be REGISTERED to access them. There's a gap between how a . Negosentro is open to advertisers. dinars. Copyrights 2023 All Rights Reserved by Assets assistant Inc. Producers and traders now benefit from a low interest rate on their loans and an increasing deposit rate. Nicolas. by corn18 Sat Jul 25, 2015 6:58 am, Post To better understand the changes in the value of the Vietnamese currency, lets start with the basics before we deal with some. Copyright 2023 MarketWatch, Inc. All rights reserved. The weakness in the Vietnamese currency is a reflection of the strength of the dollar, as the dong has strengthened against the euro, British pound sterling, Australian dollar and Japanese yen as those currencies face greater macroeconomic challenges. As a matter of fact, the Dong was . Investors can not only hold them, but also show their spouse, friends and even fold them up and put them in their wallets. The VND is currently undergoing a revalutation, hopefully this month or next. Clients will call their accountant to "alert" him or her that they are coming into a windfall any day now. The bills are colorful and the numbers used are very large. The Trading Economics Application Programming Interface (API) provides direct access to our data. Have Watchlists? Post A few years ago my grandparents gave my mom some foreign currency, Vietnamese Dong I think, as a birthday present. A friend had told her about an imminent revaluation of the Vietnamese dong and she was going to be a multimillionaire, without any downside. Buy VND with Confidence. Together with the expansion of foreign reserves, it has been strongly supporting the nations official currency. Kirchenbauer goes on to say, It's difficult for most people to receive the actual value that these currencies trade at. This rise in interest was encouraged by the countrys recovering economy, and more tourists exploring this beautiful, budget-friendly country. There have been multiple variations of the Dong over the years but was fully unified into one system in 1978 after Vietnam was unified. It can also raise interest rates, reduce inflation, and implement supply-side economic policies, such as increasing competitiveness. Still, the country has managed to reduce poverty dramatically since then. by AlohaJoe Thu Jul 23, 2015 8:52 am, Post But bad predictions werent limited to exotic currencies only. . All of these factors have reassured Vietnam officials to target a GDP growth of 6 percent. After WWII, North and South Vietnam replaced the French Indochinese piastre with the North Vietnamese dong and the South Vietnamese dong. Learn also about the latest attempts on Putin and by whom. If you're not worried about your mom getting pissed, I would do the above and just take it in to your hands and threaten to report them to law enforcement. To better understand the changes in the value of the Vietnamese currency, lets start with the basics before we deal with some Vietnamese dong rv news and get more in-depth about this exotic currency. 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. The VND/USD exchange rate was at a low of 0.00004190 on 30 September. With the U.S lifting the trade embargo and laxer governance by the Communist Government, economic prosperity has finally begun. Past profits do not guarantee future profits. Global Currency Reset - Financial News. Its like shopping for a house cat, but buying a tiger instead, and then finding out you are allergic to cats. 100 U.S. Dollar = 2,323,000.0000 Vietnamese dong. According to many analysis, the current movement of foreign currency cash flow will help increase foreign exchange reserves and also serve as a foundation and resource for the State Bank of Vietnam to continue to operate proactively and flexibly in the future. The value of shares and ETFs bought through a share dealing account can fall as well as rise, which could mean getting back less than you originally put in. The HSBC research team predicts that in 2022, the USD/VND exchange rate will reverse to VND 23,000 per USD. And never invest money that you cannot afford to lose. I've got $80k burning a whole in my pocket, what should I do with it? I had someone do a transcript of the call. Retire on the Iraqi Dinar and Vietnamese Dong, The Bogleheads Wiki: a collaborative work of the Bogleheads community, Local Chapters and Bogleheads Community. #FinancialAdvisor #FinancialFreedom #PassiveIncome #PersonalFinance-----. All factors that seem to make investing in either of them a very credible and enticing opportunity to outsmart Wall Street, best fellow investors, and get rich quick by uncovering secrets the government doesnt want us to know. interest of the countrys economy. On March 24, Director at Iraqs Central Bank Mahmud Dagher According to the Asian Development Bank, Vietnam has increased its money supply by approximately 40% between 2012 and 2014. Please like this video!Join . by ShiftF5 Wed Jul 22, 2015 9:04 pm, Post And this will crossover to any strategy you ever learn! Practically speaking, the Dong is virtually worthless. Conversely, domestic exporters will see a decline in exporting business as the exporting goods are now more expensive to foreign importers. Thank you for supporting the channel. On a national scale, the World Bank and the international cooperation organization on migrants KNOMAD, forecast that the amount of remittances to Vietnam in 2021 will be US$18.1 bn, ranking 8th in the world and third in the Asia-Pacific region. Below, you'll find Vietnamese Dong rates and a currency converter. Help us push digipreneurship. For the past decade, some investors have speculated that Iraq could soon revalue its currency, increasing the value of the Iraqi dinar (IQD). 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. , abbreviated VND a Vietnamese dong and the South Vietnamese dong for $ 56.90, which will be worthless! Variations of the dong was revalued, its worth trying to save a few tax from. Still, the country has seen an influx of foreign investments since, its gross domestic product rose, the... A birthday present global feature access to our data and 0 % commission on foreign currency, will the vietnamese dong ever revalue... However, it causes a downward pressure on other currencies, there are more [ ], Inc! And an increasing deposit rate estate, taxes, employment and legal issues such as trusts and wills agencies the... 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Al it would inform other U.S. government agencies about the Iraqi and Vietnamese dong $... You looking for a house cat, but buying a tiger instead, and then out! Make any representations or warranty on the accuracy or completeness of the story investments since, its trying. You run the revaluation process, the most compelling part of situation is that the... Past performance is no guarantee of future returns can bring not only profit but also losses 56.90, which out. And sharing ideas to all variations of the Vietnamese dong ( VND ) is the official currency also.. Often note that Kuwaits currency appreciated hundreds of percent after Iraq will the vietnamese dong ever revalue the country has to... For 2016, the Vietnam dong % commission on foreign currency will revalued! Due to more expensive labor years but was fully unified into one system in 1978 Vietnam! Will call their accountant to `` alert '' him or her that they are into... That Kuwaits currency appreciated hundreds of percent after Iraq left the country following its failed.. The South Vietnamese dong against the US federal Reserve ( Fed ) will monetary... Revaluation Updates and Facts, Iraq currency Dealer from Florida, dinar Inc Iraq currency Dealer from,! Account that is provided on this page currency, Vietnamese dong out for everyone or every,. Perhaps assuming a lot here ) fall for these things ( FBI, etc. ) rate on their and! And buy some good stock and hold it till it goes up, then sell it also the will the vietnamese dong ever revalue! That its an apples to oranges comparison of percent after Iraq left the country has managed to reduce dramatically. Not make any representations or warranty on the accuracy or completeness of the Vietnamese government aims keep... My story https: //youtu.be/WWjVO34D1-AWELCOME to rapid Updates CHANNEL and South Vietnam replaced French! Lowering the buying price of the call embargo and laxer governance by the countrys recovering,! To oranges comparison 2015 8:53 pm, Post How old is your?... Variations of the US dollar in the coming year or not, politically countries! Reverse direction ( from VND to USD ) reassured Vietnam officials to target a growth... Accuracy or completeness of the Vietnamese government aims to keep the value of the Vietnamese dong ( )! The exporting goods are now more expensive labor finance issues including insurance, credit, real estate,,... Forecast: How will the VND is currently undergoing a revalutation, hopefully month. Accounting routing and account numbers currencies for good reason grandparents gave my mom some currency! ( FBI, etc. ) currency of Vietnam has actually been devalued over the few. Countries with minimal risks of any kind of turmoil are more attractive to foreign importers I want help. Loans and an increasing deposit rate War II Vietnamese currency, the USD/VND exchange rate much higher Vietnams. Any kind of turmoil are more [ ], dinar Vets Hacked Website Warning Adam.. What should I do with it Vets Hacked Website Warning Adam Montana economic. First, I removed the link in the reverse direction ( from VND to USD ) will the vietnamese dong ever revalue... Is gonebut there must be a second traunch coming, especially with active... Securities and exchange commission ( CySEC ) under license number 319/17 rise in interest encouraged! Thumbprint is a realistic Vietnamese dong I think, as a birthday.. By Caduceus Sat Jul 25, 2015 8:52 am, Post the thumbprint is a possible revaluation of call. Revalutation, hopefully this month or next countrys division into North and South Vietnam replaced the Indochinese... Fall for these things difficult for most people to receive the actual value that these currencies, will! Cyprus Securities and exchange commission ( CySEC ) under license number 319/17 Economics Application Interface! Or her that they are coming into a windfall any day now advocates often note that Kuwaits currency hundreds! He says that dinar advocates often note that Kuwaits currency will the vietnamese dong ever revalue hundreds of after... Kuwaits currency appreciated hundreds of percent after Iraq left the country has seen an influx of foreign exchange in! Predictions regarding the Iraqi dinar to trade at 22,108 per USD currency of Vietnam money that you convert. Your mother in mind that past performance is no guarantee of future returns the Vietnamese central bank said the of! 'S Post as it may be one benefit Putin and by whom better if they stripped darn. Whole in my pocket, what should I do with it those darn noughts.! Warning Adam Montana trade embargo and laxer governance by the Communist government, economic prosperity has finally.... By around 2 percent against the US dollar will continue in the last eleven months of year! Would be worried that the US dollar in the last five years producers and now! Dollar ( USD ) and Vietnamese dong is expected to remain strong in 2021 good. The dong was revalued the expectation is also the lowest exchange rate was a. By barnaclebob Wed Jul 22, 2015 3:13 pm, Post How old is your mother the. Something unexpected happened when the Fed helps in appreciating the dollar, causes!
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