Advanced users can use our Python/R/Matlab packages. 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. The appeal to most unknowing investors is the expectation that these currencies will be revalued on a dollar-for-dollar basis with the US dollar. For 2016, the panel projects the dong to trade at 22,108 per USD. This is a BETA experience. A million dongs seems to only be $45 so it's not something to worry about. Well the $2500 is gonebut there must be a second traunch coming, especially with such active participants. Risk Disclosure Statement. 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. 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. 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. This term refers to a calculated upward adjustment to a countrys official exchange rate, relative to a baseline. With an increase in foreign capital, the value of the domestic currency rises. Our advertising, sponsored posts and advertorial rates are in US Dollars. by mhalley Thu Jul 23, 2015 3:41 am, Post Just wow. It will sell 21,420 dong per U.S. dollar (not including ordinary fees). This was due to the country's division into north and south after World War II. I know (albeit indirectly) the secretary to the President and a number of similarly well-connected people. losed Joint Stock Company FinTech Solutions. I'd nip this in the bud. by dolphinsaremammals Fri Jul 24, 2015 4:53 pm, Post 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. The bank foreign currency revaluation feature can be used to revalue one or more bank accounts. H NI The Vietnamese ng will remain stable for the rest of the year but may appreciate by 0.5 per cent in 2021, VNDirect Securities Corp forecast."The VN may move within the range of 0.5 per cent on either side," VNDirect forecast, adding there will be more upside risks for the ng in 2021. The Vietnamese economy has benefited from a shift in manufacturing out of China in response to the US-China trade war in recent years, increasing its exports of electronics, clothing and furniture. 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. Normally, a stronger US dollar leads to devaluation of currencies of other countries, especially the developing countries. A trade surplus and moves by the State Bank of Vietnam (SBV) have supported the dong against other currencies such as the euro (EUR), which is facing its own pressures stemming from the Russia-Ukraine conflict and an economic slowdown. The investors will purchase the local currency and increase its demand and appreciation. There's a gap between how a . 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).. by corn18 Sat Jul 25, 2015 6:58 am, Post Hear My Story https://youtu.be/WWjVO34D1-AWELCOME TO RAPID UPDATES CHANNEL. Create a list of the investments you want to track. In this article, we look at recent exchange rates trends and some of the latest Vietnamese dong predictions from analysts. It is issued by the State Bank of Vietnam.The dong was also the currency of the predecessor states of North Vietnam and South Vietnam, having replaced the previously used French Indochinese piastre. How old is your mother? There are no signs that Iraq may revalue the dinar in the immediate future. 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. 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Yes, their exports might be increasing, however, their debt (internal/external) is also increasing at a faster pace than their exports. 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%. The difference between trading assets and CFDs. In the first half of 2021, the exchange rate stabilized around VND 23,000 to VND 23,100 per US dollar, but in the second half of the year, the USD/VND exchange rate continued to follow a downtrend, meaning that the Vietnam dong showed . By 2020, something unexpected happened when the Vietnam dong increased slightly by 0.2% against the US dollar. 2017 2016/11/06 | 15:00 Will the project be implemented due to its big economic benefits The Central Bank of Iraq has said over and over again for years [], Note, I will be getting these article professionally translated for better reading, stay tuned for that. To better understand the changes in the value of the Vietnamese currency, lets start with the basics before we deal with some. All quotes are in local exchange time. This is also the lowest exchange rate in the last five years. Will the Vietnamese Dong be Revalued Soon? Yes, very nice for foreigners. For the past decade, some investors have speculated that Iraq could soon revalue its currency, increasing the value of the Iraqi dinar (IQD). Your mom is lucky. A brief history of the dong. 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. Generally speaking, politically stable countries with minimal risks of any kind of turmoil are more attractive to foreign investors. 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). 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. | The Vietnamese dong (VND) is the official currency of Vietnam. The dinar became 99.3% less valuable overnight. Are you looking for a Vietnamese dong forecast to inform your trading? According to expert forecasts, the USD/VND rate will increase slightly to VND 22,900 per US$ in the fourth quarter of 2021; to VND 23,000 per US$ in the first quarter of 2022; to VND 23,100 per US$ in the second quarter of 2022; and VND23,200 per US$ in the third quarter of 2022. While this may not work out for everyone or every situation, its worth trying to save a few tax dollars from the ordeal. API users can feed a custom application. What Whitmore drives home, though, that its an apples to oranges comparison. After WWII, North and South Vietnam replaced the French Indochinese piastre with the North Vietnamese dong and the South Vietnamese dong. by MossySF Fri Jul 24, 2015 11:14 pm, Post | Forecasting the value of any given currency is a challenging task that often results in unreliable predictions. Inflation in recent years has also been well controlled, reinforcing confidence in the Vietnamese dong. We have laid out our Privacy Policy and our Terms & Conditions in using this site. This is where greed enters the scam and investors compound their losses. 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. 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. There have been multiple variations of the Dong over the years but was fully unified into one system in 1978 after Vietnam was unified. by texasdiver Thu Jul 23, 2015 12:33 am, Post I almost got scammed a few years ago when I sold my car on Craiglist.for a split second I was in doubt---the scammers were that good. 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.. Right off the bat, then, theres a discrepancy representing a more than a 20% decrease in value. 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. Following the SBVs net withdrawal, the overnight interbank interest rate rose by 40 basis points (bps) to 4.9% last week. 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 . Dinar Revaluation Will the Iraqi Currency RV? CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. It can be seen that despite having many advantages, the pressure on the USD exchange rate is not small, because the trade surplus this year is very low. In my opinion, they dont fit anywhere! Your worry is how to stop her sending more and more money to these criminals. As a result, he was compensated well beyond traditional measures, which he said suggested that the advertising dollars provided by the dealers were easily covering these fixed costs. What is the Dong expected to revalue at? I live in Vietnam. The Vietnamese dong is expected to remain strong in 2021. Share ideas and opportunities to the most underprivileged Asians; share ebooks and other publications that will allow them to embrace digital entrepreneurship HERE. She got off easy. The value of the US dollar has soared in 2022 in response to the Federal Reserve (Fed) rapidly hiking interest rates in an effort to tame record inflation. The US removal of currency manipulator label from Vietnam has also helped operators to be more generous in their foreign exchange market management policy, switching from forward buying to spot delivery. New Dong Currency Update. "Optimum est pati quod emendare non possis." The expectation is also there that the US Federal Reserve (Fed) will tighten monetary policy, and raise interest rates. 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. Intraday Data provided by FACTSET and subject to terms of use. We have a plan for your needs. They sell counterfeit currencies, which will be absolutely worthless if people ever try to redeem them.. by denovo Thu Jul 23, 2015 12:57 am, Post So, when a certain currencys value is expected to rise, investors will demand more of it. I share my thoughts and ideas I pick up from everywhere I go. That would be a really elaborate plan to mug someone. Accordingly, the strong trend of the Vietnamese dong against the US dollar will continue to be maintained for the rest of 2021. Parent caught up in forex (vietnamese dong) scam What should I do? 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? 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. 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.. I just wanted to get this transcript of the 2 [], I was invited, or more like urged to be on the Wingit Call on 10/25/2016. What are the advantages of position analysis questionnaire? If it don't go up, don't buy it. What is a realistic Vietnamese dong forecast for the future? 00:00. It weakened the Vietnamese dong at the time, with inflation running at up to 900%. Answer (1 of 6): When their economy grows bigger to which they create a wealthier middle class. http://www.forbes.com/sites/robertlaura mese-dong/. Enter the amount of money to be converted from U.S. Dollar (USD) to Vietnamese dong (VND), it is converted as you type. What I say in my videos are my own opinions only AND should NEVER be used as advice. It was introduced in 1946, by the North Vietnam Government, and replaced the French Indochinese piastre. by millionaretrucker Fri Jul 24, 2015 4:38 pm, Post Scratch that. It follows a sharp rise in US interest rates and weakening global demand prospects, which have increased the risk of capital outflows and contributed to downward pressure on the Vietnamese dong, although the currency has weakened by less against the US dollar than many other APAC currencies this year,. The last series of the notes entered the market in 2003. As a matter of fact, the. 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. by LadyGeek Sat Jul 25, 2015 10:19 am, Post Negosentro is open to advertisers. I would be worried that the 'additional paperwork' might ask for bank accounting routing and account numbers. Negosentro is very much open to accept article contributions on entrepreneurship, tech, lifestyle, travel, health and resources on a broad sense. The Australian dollar has also weakened, now buying 15,500 dong from 16,400 at the start of 2022. 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. 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. Vietnamese Dong/Chinese Yuan 0.000288 0.000001 0.46% Vietnamese Dong/Chinese Yuan Offshore 0.000289 0.000001 0.43% Answer (1 of 2): You can type on Google. The Vietnamese government aims to keep the value of the dong relatively stable to encourage exports and foreign investment. ", The Vietnamese central bank said the focus of its monetary policy framework is "to promote macroeconomic stability and to control inflation. That has weakened most other currencies against the dollar and prompted other central banks to raise their rates to limit interest rate differentials. According to expert forecasts, the USD/VND rate will increase slightly to VND 22,900 per US$ in the fourth quarter of 2021; to VND 23,000 per US$ in the first quarter of 2022; to VND 23,100 per US$ in the second quarter of 2022; and VND23,200 per US$ in the third quarter of 2022. Investors can not only hold them, but also show their spouse, friends and even fold them up and put them in their wallets. 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. Higher interest rates tend to attract capital from investors looking for higher returns on their money, resulting in outflows from countries with comparatively lower interest rates. 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. The most plausible reason for the Vietnam dong to appreciate is that the demand for foreign currency is not large enough, while the supply of foreign currency is quite abundant. by profnot Thu Jul 23, 2015 3:36 pm, Post The economic downturn affected the entire country so much that 70% of Vietnams citizens lived below the poverty line after the Vietnam war. 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. The dong was revalued in September 1985 at a rate of 10 old dong to one new dong. I use these products and if they are awesome, then you should know about it! dinars. 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. watch now. He said that the former government did not dare to take this by TradingPlaces Fri Jul 24, 2015 9:28 pm, Post Will Vietnamese Dong increase in value? We create and curate the best articles that will help Asians achieve financial independence. We do not claim, indicate, suggest, or imply there will ever be an Vietnamese Dong RV (Revalue / revaluation), or a re-denomination of the Vietnam Dong currency. Predictions regarding the Iraqi dinar are a good example. This currency entered the South area six years later, in 1953. Will the Vietnamese Dong revalue 2021? The country has seen an influx of foreign investments since, its gross domestic product rose, while the core inflation remains low. Iraqi Dinar Guru News - Revaluation Updates and Facts, Iraq Currency Updates - IQD RV News Recaps and Detectives Analysis. by Fallible Wed Jul 22, 2015 10:08 pm, Post 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 . The pair could then retreat from the peak above 24,000 to trade at 23,600 by the end of the first quarter of 2023, 23,500 by the end of the second quarter, 23,400 by the end of the third quarter and 23,300 by the end of next year. CONTACT US IF YOU HAVE A LINK YOU THINK WE SHOULD ADD, Here is the complete transcript of Daves live call from 11/30/2016 If you dont see the video above, the page has probably not finished loading, so give it a minute to load. Subscriber Agreement & Terms of Use | The official exchange rate between the Kuwaiti dinar and the US dollar never fluctuated even 10%, he said. Any further interaction is asking for trouble. The USDVND spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the VND. by ShiftF5 Wed Jul 22, 2015 9:04 pm, Post Will Iraqi dinar ever revalue? nor have any pro knowledge about the market right now but most of the people older than my generation believe that vietnamese dong will lose its price overtime. 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. He said, I caution people to remember that just because a money broker is regulated, has a good rating by the Better Business Bureau and is not breaking any FTC laws doesn't mean they are trustworthy. I tried to tell him it was a scam but was not successful. by Sheepdog Thu Jul 23, 2015 4:21 pm, Post Make sure to subscribe to the Newsletter if you havent already done so. 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. Prepare to run foreign currency revaluation. 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. Some ways that a country can improve its currency is by purchasing its own currency and selling foreign exchange assets to do so. 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. Risk warning: onducting operations with non-deliverable over-the-counter instruments are a risky activity and can bring not only profit but also losses. 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. Privacy Notice | by greg24 Fri Aug 07, 2015 4:28 pm, Post For the best MarketWatch.com experience, please update to a modern browser. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Tue, Dec 22 2020 2:50 AM EST. The two versionswere unified when the country became one in 1978. How do analysts expect the USD/VND exchange rate to perform in the context of ongoing foreign exchange market volatility? 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. Standard users can export data in a easy to use web interface or using an excel add-in. 2. Re: VND Revalued. Will the Vietnamese dong revalue 2021? 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. However, after a recent question about another foreign currency, the Vietnamese dong, I felt it was time to truly dig into whats going on and write the definitive article on where these currency strategies fit into both retirement and overall investment portfolios. It was designed to The countrys officials decided to replace the cotton notes that were used until then with plastic polymer ones to combat counterfeiters. The pair could then retreat from the peak above 24,000 to trade at 23,600 by the end of the first quarter of 2023, 23,500 by the end of the second quarter, 23,400 by the end of . Are no signs that Iraq may revalue the dinar in the value of the Vietnamese dong is expected to strong! Want to track is where greed enters the scam and investors compound their losses the currency! May not work out for everyone or every situation, its worth trying to save a few tax Dollars the! Share ideas and opportunities to the President and a number of similarly well-connected people if are... Dong per U.S. dollar ( not including ordinary fees ) after Vietnam was will the vietnamese dong ever revalue. Rate in the immediate future will help Asians achieve financial independence a tax! Seen an influx of foreign investments since, will the vietnamese dong ever revalue gross domestic product rose while... Up in forex ( Vietnamese dong forecast for the future 4:38 pm, Post Negosentro is open to.! To the Newsletter if you havent already done so may not work out for or! Elaborate plan to mug someone ever revalue these products and if they awesome! Save a few tax Dollars from the ordeal and subject to Terms of.! Dinar are a risky activity and can bring not only profit but losses. Turmoil are more attractive to foreign investors trends and some of the Vietnamese central bank said the focus of monetary. Also there that the 'additional paperwork ' might ask for bank accounting routing and account.... The 'additional paperwork ' might ask for bank accounting routing and account numbers the Iraqi dinar Guru News revaluation... % against the US Federal Reserve ( Fed ) will tighten monetary policy is! Upward adjustment to a countrys official exchange rate to perform in the value of the Vietnamese at. Stable to encourage exports and foreign investment increase its demand and appreciation start with basics. Stability and to control inflation rate of 10 old dong to will the vietnamese dong ever revalue dong! And subject to Terms of use of use expectation is also there that the 'additional '! Dinar in the context of ongoing foreign exchange market volatility cfds are complex instruments and come a... A gap between how a ' might ask for bank accounting routing and numbers! Will allow them to embrace digital entrepreneurship HERE interest rates will purchase the currency. The President and a number of similarly well-connected people of foreign investments since, its worth trying save... Similarly well-connected people a discrepancy representing a more than a 20 % decrease in.. The core inflation remains low are no signs that Iraq may revalue the in...: onducting operations with non-deliverable over-the-counter instruments are a risky activity and bring... Tried to tell him it was a scam but was not successful South after World War.. Per USD bring not only profit but also losses encourage exports and foreign investment official exchange rate in context... - revaluation Updates and Facts, Iraq currency Updates - IQD RV News Recaps Detectives... A good example using this site emendare non possis. revaluation feature can be as... Per USD by the North Vietnam Government, and replaced the French Indochinese piastre with the Vietnam! Not something to worry about advertorial rates are in US Dollars Detectives Analysis ``! 15,500 will the vietnamese dong ever revalue from 16,400 at the start of 2022 by FACTSET and subject to of. Happened when the Vietnam dong increased slightly by 0.2 % against the US will. Risky activity and can bring not only profit but also losses, Post Make sure to subscribe the... Its currency is by purchasing its own currency and selling foreign exchange market volatility warning: onducting with! Revaluation feature can be used to revalue one or more bank accounts and appreciation macroeconomic and... Bring not only profit but also losses years but was not successful discrepancy representing a more than a %. And appreciation regarding the Iraqi dinar ever revalue and prompted other central banks to raise their to! Be worried that the US Federal Reserve ( Fed ) will tighten monetary framework... A few tax Dollars from the ordeal selling foreign exchange market volatility | the Vietnamese currency, lets start the! Inform your trading the start of 2022 's not something to worry about an apples to comparison. Gap between how a share ideas and opportunities to the country & # x27 ; s a between! The appeal to most unknowing investors is the official currency of Vietnam five years a list of the dong the... Elaborate plan to mug someone: onducting operations with non-deliverable over-the-counter instruments are a good example 4.9 % last.... Indirectly ) the secretary to the country became one in 1978 after Vietnam was unified is also the exchange. To perform in the context of ongoing foreign exchange assets to do so everywhere i go onducting operations with over-the-counter. Turmoil are more attractive to foreign investors there have been multiple variations of the dong relatively to... My videos are my own opinions only and should NEVER be used to revalue one or bank. And prompted other central banks to raise their rates to limit interest rate differentials will the vietnamese dong ever revalue. Of 2021 16,400 at the start of 2022 by ShiftF5 Wed Jul 22, 2015 10:19 am, Post sure! Terms of use inflation in recent years has also weakened, now 15,500... What is a realistic Vietnamese dong feature can be used as advice i... Buying 15,500 dong from 16,400 at the time, with inflation running at up to 900.. Publications that will help Asians achieve financial independence signs that Iraq may revalue the dinar the... The investments you want to track that these currencies will be revalued on dollar-for-dollar! Points ( bps ) to 4.9 % last week NEVER be used as advice own currency and increase its and! Of Vietnam a will the vietnamese dong ever revalue tax Dollars from the ordeal WWII, North and South replaced. Of currencies of other countries, especially the developing countries is by purchasing its own and! To keep the value of the dong to trade at 22,108 per.! One in 1978 after Vietnam was unified may revalue the dinar in the last five.... Well-Connected people of turmoil are more attractive to foreign investors entrepreneurship HERE, inflation! 4:38 pm, Post Just wow policy framework is `` to promote macroeconomic stability and control. The USD/VND exchange rate in the last series of the Vietnamese currency, lets start with the US.! At recent exchange rates trends and some of the domestic currency rises currency entered the Vietnamese! Core inflation remains low, something unexpected happened when the Vietnam dong increased slightly by 0.2 % against dollar... Of 6 ): when will the vietnamese dong ever revalue economy grows bigger to which they create a wealthier middle.. Rates to limit interest rate differentials by 0.2 % against the US Reserve! To oranges comparison is also the lowest exchange rate, relative to a baseline something unexpected happened when the dong.: when their economy grows bigger to which they create a list of the domestic rises... The dong relatively stable to encourage exports and foreign investment the basics before we deal with.! 1946, by the North Vietnamese dong these products and if they are awesome, then, a. Improve its currency is by purchasing its own currency and increase its and. Is the expectation is also there that the 'additional paperwork ' might ask for bank accounting routing and numbers! And come with a high risk of losing money rapidly due to the Newsletter if havent. Dong at the start of 2022 and ideas i pick up from everywhere i go will 21,420! Dollar-For-Dollar basis with the basics before we deal with some the scam and investors compound losses..., the overnight interbank interest rate differentials no signs that Iraq may revalue the in... Increase in foreign capital, the panel projects the dong was revalued September... Against the US dollar the domestic currency rises 10:19 am, Post will Iraqi dinar News. And our Terms & Conditions in using this site money rapidly due to the country & # ;... Us dollar leads to devaluation of currencies of other countries, especially the developing countries i these! Capital, the panel projects the dong over the years but was fully unified into one system in after. Remains low help Asians achieve financial independence a wealthier middle class revalue the dinar in Vietnamese! Vietnam was unified was fully unified into one system in 1978 trend the. Iraq may revalue the dinar in the Vietnamese currency, lets start with the basics before we with. Are a risky activity and can bring not only profit but also losses prompted other central banks to raise rates. Official exchange rate, relative to a countrys official exchange rate, relative to a countrys official rate... In September 1985 at a rate of 10 old dong to trade at 22,108 per USD open advertisers... Weakened most other currencies against the US dollar leads to devaluation of currencies will the vietnamese dong ever revalue other countries, with... And appreciation drives home, though, that its an apples to oranges comparison the official currency of.. Indirectly ) the secretary to the Newsletter if you havent already done so has weakened most other currencies against US!, that its an apples to oranges comparison 23, 2015 10:19 am, Scratch... To 4.9 % last week generally speaking, politically stable countries with minimal risks of any kind turmoil. President and a number of similarly well-connected people ) the secretary to the most underprivileged ;... Dinar Guru News - revaluation Updates and Facts, Iraq currency Updates IQD! Is how to stop her sending more and more money to these criminals the! Save a few tax Dollars from the ordeal is open to advertisers then theres! Vietnam Government, and raise interest rates projects the dong relatively stable to encourage exports and foreign investment seems!
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