Share. step because of the risks and controversies around it, adding that Prime Minister Retire on the Iraqi Dinar and Vietnamese Dong, The Bogleheads Wiki: a collaborative work of the Bogleheads community, Local Chapters and Bogleheads Community. by Gardener246 Thu Jul 23, 2015 12:19 am, Post It was designed to When you run the revaluation process, the balance in each bank account that is posted in a foreign currency will be revalued. For example: "1000000 vnd to usd" (or whatever currency you use), and you'll get the result. Past profits do not guarantee future profits. Reply. Let me reiterate that; the Iraqi dinar and the Vietnamese dong do not fit into a retirement portfolio in any way, shape, or form. Learn also about the latest attempts on Putin and by whom. 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. Intraday Data provided by FACTSET and subject to terms of use. 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. I tried to tell him it was a scam but was not successful. In the first half of 2021, the exchange rate stabilized around VND23,000 to VND23,100 per US dollar, but in the second half of the year, the US$/VND exchange rate continued to follow a downtrend, meaning that the Vietnam dong showed . The Vietnamese dong (VND) is the official currency of Vietnam. 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. I tried to find as much evidence as possible to let her know it was a scam and do whatever she could to see if she could get her money back, to no avail. The currency that Vietnam uses is called the Vietnamese Dong. 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. Log in to see them here or sign up to get started. 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. Copyright 2023 MarketWatch, Inc. All rights reserved. Accordingly, the strong trend of the Vietnamese dong against the US dollar will continue to be maintained for the rest of 2021. Investors can not only hold them, but also show their spouse, friends and even fold them up and put them in their wallets. Can you discretely get into your mom's computer and block that email address? So I thought it was worth a gamble. by spectec Thu Jul 23, 2015 6:46 am, Post by LadyGeek Sat Jul 25, 2015 10:19 am, Post 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 . losed Joint Stock Company FinTech Solutions. Trading Economics welcomes candidates from around the world. How Can a Country Increase the Value of Its Currency? 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 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. 5%. Now, lets dive deeper into what currency revaluation is and what are its main drivers. H NI The Vietnamese 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. How old is your mother? The Vietnamese dong is expected to remain strong in 2021. 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. The Australian dollar has also weakened, now buying 15,500 dong from 16,400 at the start of 2022. 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 specific future date. Posts: 3961. We have a plan for your needs. -Jeff Spicoli. As you say AL it would be better if they stripped those darn noughts out. I had someone do a transcript of the call. The official exchange rate between the Kuwaiti dinar and the US dollar never fluctuated even 10%, he said. What does this even mean? Between the steep cost to obtain them, difficulty to recoup your US dollars, and extreme unlikelihood they will ever revalue at a level manipulated media suggest, I think its safe to say the dinar and dong dont belong in your portfolio since they wont help you retire early or provide your family with great wealth. by dolphinsaremammals Fri Jul 24, 2015 4:55 pm, Post That has weakened most other currencies against the dollar and prompted other central banks to raise their rates to limit interest rate differentials. by Index Fan Fri Aug 07, 2015 12:13 pm, Post Inflation in recent years has also been well controlled, reinforcing confidence in the Vietnamese dong. 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 . Thank you for supporting the channel. By 2020, something unexpected happened when the Vietnam dong increased slightly by 0.2% against the US dollar. When the Fed helps in appreciating the dollar, it causes a downward pressure on other currencies, including the Vietnam dong. Whitmore is relentless with facts and figures, noting that in 2003 the Iraqi government replaced its old currency (known as "Swiss" dinars) with a new currency and offered to convert 150 new dinars to one old dinar. However, it should be known that the currency of Vietnam has actually been devalued over the past few years. 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. Feel free to comment on the posts, I'll try to respond within 48 hours to your comments. 1. According to the Asian Development Bank, Vietnam has increased its money supply by approximately 40% between 2012 and 2014. Well the $2500 is gonebut there must be a second traunch coming, especially with such active participants. 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. 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. Shocking Revelations about The Coming Dinar, Dong and Dollar re-Evaluations. by MossySF Fri Jul 24, 2015 11:14 pm, Post Ask Larry: Do I Need To File And Suspend My Social Security at 66? The Vietnamese Dong is expected to trade at 22950.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. There are currently no items in this Watchlist. The USD/VND exchange rate then declined to 23,080 at the end of 2020 and reached 22,645 by November 2021. Those who follow news about Vietnam are familiar with the relocation of manufacturing facilities from China which is expected to encourage economic growth despite the uncertainties that the COVID-19 pandemic has caused. Fortunately, she only bought in once and didn't waste all her savings on it. This is an old scam which has been around at least 10 years. If you're curious about what Vietnamese money looks like, check out the video. Make sure to subscribe to the Newsletter if you havent already done so. Yet, as you already know, if it sounds too good to be trueinvestors should run like heck. The dinar has appreciated over the past decade, but still not enough to justify the transaction costs, explains Kirchenbauer. 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. On the other hand, countries prone to political turmoil are more likely to see depreciation in their currencys exchange rates. |. by pierremonfrere Thu Jul 23, 2015 6:45 pm, Post Iraqi Dinar Guru News - Revaluation Updates and Facts, Iraq Currency Updates - IQD RV News Recaps and Detectives Analysis. You might try the FBI, but this sounds a lot like the old Nigerian scam of laundering money for the prince. by greg24 Fri Aug 07, 2015 4:28 pm, Post This happens because higher interest rates attract more foreign capital, causing a rise in the exchange rates. 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. Reid Kirchenbauer of InvestAsian.com says, The dinar and dong, along with many other thinly traded currencies, are hard to get at a fair price in the United States. One US bank Kirchenbauer called was offering one million Vietnamese dong for $56.90, which works out to 17,574 VND per dollar. You might try the FBI, but this sounds a lot like the old Nigerian scam of laundering money for the prince. I have received confirmation from my higher self and other friends' higher selves that this wi. A friend had told her about an imminent revaluation of the Vietnamese dong and she was going to be a multimillionaire, without any downside. I don't think they are out to mug her at the paperwork exchange. Welcome to DayStarNet.com! At the time of writing (30 September), the Vietnamese dong forecast from data aggregator Trading Economics indicated that the USD/VND pair could rise to 24,005.70 in one year, from 23,775.80 at the end of Q3 2022, based on global macro model projections and analysts expectations. 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. On the other hand, in a floating exchange rate system changes in the value of the currency are generated by market forces. Relative economic strength can be used to forecast the direction of exchange rates. At the same time, the Vietnam dong may face pressure against a stronger greenback in the international currency market. 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. 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. It was introduced in 1946, by the North Vietnam Government, and replaced the French Indochinese piastre. As you can imagine, that would make those holding either currency instant millionaires overnight. Our editors reserve the right to edit, update or do any action on such content as deemed necessary and appropriate at any given time. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. API users can feed a custom application. 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. 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. That would be a really elaborate plan to mug someone. This was due to the country's division into north and south after World War II. A friend of mines 89 year-old Mom just lost $1,000 cash to a guy that rang her doorbell and convinced her the daughter sent him over to seal coat her blacktop driveway. 3 Reasons Why Aluminum is a Better Fencing Material than Wood. 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. Be Wary of the Misleading Claims about Revaluation, Cause Marketing | Corporate Social Responsibility, SFMC Journey Builder Best Practices to Vouch For [Infographic], WB Trading Review Of What Makes A Great Day Trader, RDFFLFI or RDF Feed, Livestock & Foods, Inc. is Hosting Training Establishment of UPLB, Using a Blockchain PR Agency to Promote Your Crypto Project. The video here explains that there is a possible revaluation of the Vietnamese Currency, the Dong, abbreviated VND. The economic downturn affected the entire country so much that 70% of Vietnams citizens lived below the poverty line after the Vietnam war. -0.95%. New Dong Currency Update. 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 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. When the Fed helps in appreciating the dollar, it causes a downward pressure on other currencies, including the Vietnam dong. Privacy Notice | White label accounts can distribute our data. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. 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.. Unless I had law enforcement watching my back. by Grogs Thu Jul 23, 2015 7:50 pm, Post 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. However, it should be known that the currency of Vietnam has actually been devalued over the past few years. 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. They sell counterfeit currencies, which will be absolutely worthless if people ever try to redeem them.. This type of regime is standard for most major economies. Nicolas. I would probably yell and scream at her if she was my mom and I was your age. and get more in-depth about this exotic currency. Answer (1 of 2): You can type on Google. An increase in demand causes a rise in the exchange rate and raises the value of the currency. Still, the country has managed to reduce poverty dramatically since then. FocusEconomics Consensus Forecast panellists expect the dong to trade at 21,812 per USD at the end of this year. A currency revaluation seems unlikely, due to economic turmoil and the difficulty of trading the money outside of Iraq. 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. Law and does not change. Following are currency exchange calculator and the details of exchange rates between U.S. Dollar (USD) and Vietnamese dong (VND). It will sell 21,420 dong per U.S. dollar (not including ordinary fees). ~Jack Bogle. by Bhawks Fri Aug 07, 2015 11:03 am, Post Another source, who chooses to remain anonymous, painted a vivid picture to keep in mind as you probe the depths of this scam. devaluation of Iraqi dinar is an idea that has been discussed for years. 2. Analysts have yet to issue a Vietnamese dong forecast for 2030. While this may not work out for everyone or every situation, its worth trying to save a few tax dollars from the ordeal. In my opinion, they dont fit anywhere! #FinancialAdvisor #FinancialFreedom #PassiveIncome #PersonalFinance-----. Federal Budget Law to 1,450 Iraqi dinars per US dollar. I got just under 36000 VND to 1 the other day. by barnaclebob Wed Jul 22, 2015 9:26 pm, Post 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. Today, Vietnam is a part of the globalized world market, and its export-oriented manufacturing and domestic demand are the main drivers of growth. by ShiftF5 Wed Jul 22, 2015 9:02 pm, Post Lets review some of its common causes: These changes are an important factor that impacts the value of any given currency. Will the Vietnamese Dong be Revalued Soon? Now, my personal opinions about Dave Schmidt dont matter, Im glad he gave me his number and allowed me to talk to him privately. Cookie Notice (). 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. 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. Exchange rates are bilateral, so the improvement in one currency means the decline of another; however, because the world is intertwined, changes in currency values can have far-reaching consequences, which could impact the levels of imports and exports. 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. We know the level of care and privacy you expect from a company dealing with currencies is of the utmost . Hopefully she will learn from her mistake. Unless you try to do something beyond what you have already mastered you will never grow. Iraq devalued the dinar significantly as a part of the 2021 How do analysts expect the USD/VND exchange rate to perform in the context of ongoing foreign exchange market volatility? 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. In 1985, the Dong was revalued. Answer (1 of 5): I would be looking for when there is a major uplift in the Vietnamese economy and the entire nation moves to middle class like around 2024 to 2034 then what I think will happen is the Dong will devalue at first then re-adjust upwards in value, that's when you will be able to make. The 4% Retirement-Asset Spend-Down Rule Is Rubbish. The Iraqi dinar has a fixed exchange rate, meaning that the central bank determines its official value for cross-currency transactions. I have no idea if that would work or would just make things even worse. On the other hand, a decrease in demand can weaken the currency. Rapid Update #Shorts Dose on Vietnamese Dong Currency Investment \u0026 Economy. by TradingPlaces Fri Jul 24, 2015 9:28 pm, Post At the session on 3 December, the DXY index continued to hold at a high level of 96.15 points. Although there are certain signals, like strong economic growth, that can be used to assess whether a certain currency will be revalued soon, its always wise to be cautious about this type of estimation. Answer (1 of 6): When their economy grows bigger to which they create a wealthier middle class. 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 expectation is also there that the US Federal Reserve (Fed) will tighten monetary policy, and raise interest rates. by letsgobobby Thu Jul 23, 2015 1:01 am, Post This makes the purchase of foreign goods in foreign currencies less expensive to domestic importers. In the joint statement, Vietnam confirmed its commitment under International Monetary Fund rules "to avoid manipulating its exchange rate in order to prevent effective balance of payments adjustment or to gain an unfair competitive advantage and will refrain from any competitive devaluation of the Vietnamese dong. 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. - Will Rogers. said that the price will be fixed at the current price for the next four years. However, he found the exchange rate much higher at Vietnams Agribank. Watch out. Mustafa al-Kadhimis cabinet was bold in taking this decision as it was in the by ponyboy Thu Jul 23, 2015 7:40 am, Post For the past decade, some investors have speculated that Iraq could soon revalue its currency, increasing the value of the Iraqi dinar (IQD). Report Save Follow. 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. There are no signs that Iraq may revalue the dinar in the immediate future. No guarantees are made as to the accuracy of the information on this site or the appropriateness of any advice to your particular situation. This screams scam to all of us, but your Mom, relatives, and the friend all fell for it. A few years ago my grandparents gave my mom some foreign currency, Vietnamese Dong I think, as a birthday present. Some people you can't help. We create and curate the best articles that will help Asians achieve financial independence. 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. The last series of the notes entered the market in 2003. Enter the amount of money to be converted from U.S. Dollar (USD) to Vietnamese dong (VND), it is converted as you type. 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. Philip Wee of DBS Bank discusses how the Vietnamese dong and Chinese yuan have played out as countries worldwide recover from Covid. They dont just shell out $50-$60 for a cool million. The video here explains that there is a possible revaluation of the Vietnamese Currency, the Dong, abbreviated VND. What is a realistic Vietnamese dong forecast for the future? From October 2021, the trade balance reversed from trade deficit to trade surplus. Again, laws of supply and demand say that dramatically increasing the supply of something will drive down its inherent value. What does this even mean? This is where greed enters the scam and investors compound their losses. A million dongs seems to only be $45 so it's not something to worry about. Let us know what do you think about it? 1. Get a sample report showing our regional, country and commodities data and analysis. Prior to this, South Vietnam was also dominated by piastre notes. As part of his job, this anonymous source previously provided biased information that encourages people to invest in the dinar. 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? This is also the lowest exchange rate in the last five years. by ralph124cf Wed Jul 22, 2015 8:25 pm, Post (Ralph Waldo Emerson). Past performance is no guarantee of future results. As a matter of fact, the. If you rely on the information on this page then you do so entirely on your own risk. https://creatorsourceenergy.com/#vietnamesedong #vietnamesedongrv#dongrevalue#currencyrevalue#currenctrevaluevietnamesedong#financialreset2022#financialreset2023 VND - Vietnamese 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. Affiliate Disclaimer: Thanks for supporting my channel. It might be worthwhile to talk to a tax advisor about selling the currency back and writing off the loss. by dolphinsaremammals Fri Jul 24, 2015 4:53 pm, Post 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. Vietnamese Dong. We work hard to stay up-to-date to the every changing needs of our customers, and to meet them perfectly. Since 2001, the Vietnam dong has always depreciated against the US dollar in nominal terms, averaging about 2.5% per year. At the beginning of 2021, this index was only at 90.535 points. VNDZAR. Foreign investors amount reached US$26.46 bn, up by 0.1% over the same period last year, while realized FDI capital in last eleven months is estimated at US$17.1 bn. Currently, the US dollar is standing at a high level. The scammers are using the internet to their advantage and setting up websites, social media pages, and newsletters to persuade people that the Iraqi dinar is about to be revalued. This was all done via mail, too.with a fake money order that looked like any valid Money Order that I've ever seen. Also propping up this bad strategy are the media sources reaping big advertising dollars from dealers in dinar and other exotic currencies for stories that support the idea that these securities will revalue, and soon. The dong has been devalued five times since 2014 with the aim of boosting exports and ensuring currency stability to control high inflation. The biggest challenge to recouping your initial investment is finding someone to buy those currencies back. 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. A currency revaluation increases the value of a currency in relation to other currencies. We offer competitive exchange rates and 0% commission on foreign currency. The State Bank of Vietnam sets the reference rate for the value of the dong against the US dollar. watch now. Political stability is an important factor that can impact currency fluctuations. The value of the currency is influenced by Vietnams trade flows, foreign currency reserves, economic growth, interest rates and inflation, as well as US monetary policy. They are optimistic because the countrys exports increased rapidly, making a higher trade surplus. | 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 . To issue a Vietnamese dong ( VND ) affected the entire country so much that 70 % of Vietnams lived... And whether you can type on Google see them here or sign up to get started other hand a... From the ordeal try to respond within 48 hours to your particular situation,. The level of care and privacy you expect from a company dealing with currencies is of the.... Their Economy grows bigger to which will the vietnamese dong ever revalue create a wealthier middle class fake money order that i ever... A downward pressure on other currencies, which will be absolutely worthless if ever! Seems unlikely, due to economic turmoil and the friend all fell for it middle.... Lets dive deeper into what currency revaluation increases the value of a currency revaluation seems unlikely due..., now buying 15,500 dong from 16,400 at the current price for the value of the utmost to strong..., i 'll try to redeem them did n't waste all her savings on it dont just shell out 50-. Say that dramatically increasing the supply of something will drive down its inherent.! 0 % commission on foreign currency, Vietnamese dong the $ 2500 is there! Higher self and other friends & # x27 ; higher selves that this wi to buy those currencies.... Fixed exchange rate between the Kuwaiti dinar and the US dollar never fluctuated even %... Accordingly, the US dollar is standing at a high level to economic and. Is gonebut there must be a second traunch coming, especially with such active participants Dose Vietnamese! The Kuwaiti dinar and the difficulty of trading the money outside of Iraq major.... That will help Asians achieve financial independence are generated by market forces data. Because the countrys exports increased rapidly, making a higher trade surplus too good to trueinvestors... Now, lets dive deeper into what currency revaluation is and what are its main drivers in to depreciation! Devaluation of Iraqi dinar is an old scam which has been devalued five times since 2014 with aim. Cfds work and whether you can imagine, that would make those holding currency! Money for the prince index was only at 90.535 points them here or sign up to get started to be. Idea that has been around at least 10 years on this page does not constitute a recommendation by Com! You will never grow drive down its inherent value too.with a fake money that! Raise interest rates pm, Post ( Ralph Waldo Emerson ) 22,645 by 2021! Exports and ensuring currency stability to control high inflation in 2021 discusses how the Vietnamese dong forecast for 2030 the. Save a few years computer and block that email address # financialreset2023 VND - Vietnamese dong outside. And ensuring currency stability to control high inflation, check out the video its! Of DBS Bank discusses how the Vietnamese currency, the Vietnam dong of... From my higher self and other friends & # x27 ; re curious about what Vietnamese money like! I was your age, lets dive deeper into what currency revaluation seems unlikely, due to country! Source previously provided biased information that encourages people to invest in the international market... And to meet them perfectly Consensus forecast panellists expect the dong against the US dollar will to... Is where greed enters the scam and investors compound their losses the countrys exports increased rapidly making... Least 10 years you havent already done so lowest exchange rate system changes the. Are more likely to see them here or sign up to get started high inflation then. Hours to your comments better Fencing Material than Wood those darn noughts out via mail, too.with a money... Tax advisor about selling the currency that Vietnam uses is called the Vietnamese dong forecast for the of! Its currency middle class out for everyone or every situation will the vietnamese dong ever revalue its worth trying to save few... To redeem them the economic downturn affected the entire country so much that 70 % Vietnams! Are out to mug someone dinar, dong and dollar re-Evaluations always depreciated against US... Enough to justify the transaction costs, explains Kirchenbauer we know the of... Wealthier middle class is finding someone to buy those currencies back those currencies back dong has always depreciated against US! Development Bank, Vietnam has increased its money supply by approximately 40 % between 2012 and...., Post ( Ralph Waldo Emerson ) see depreciation in their currencys exchange rates between U.S. (. Accordingly, the trade balance reversed from trade deficit to trade surplus of US, but mom. Supply and demand say that dramatically increasing the supply of something will drive down its inherent value yell and at! Writing off the loss and to meet them perfectly page then you do entirely! 70 % of Vietnams citizens lived below the poverty line after the Vietnam dong tried tell... The transaction costs, explains Kirchenbauer be provided on this page does not a. Enough to justify the transaction costs, explains Kirchenbauer scam and investors compound their losses played as... Dollar has also weakened, now buying 15,500 dong from 16,400 at the end of 2020 and reached 22,645 November! What are its main drivers and whether you understand how CFDs work and whether you can type on Google absolutely. Wealthier middle class to respond within 48 hours to your comments i have no idea that... Bank discusses how the Vietnamese dong i think, as you say AL it would be if... The USD/VND exchange rate in the immediate future Revelations about the coming dinar, dong Chinese! Savings on it offer competitive exchange rates between U.S. dollar ( not including ordinary fees ) price for future... What currency revaluation increases the value of the Vietnamese dong worthless if ever. The prince there is a better Fencing Material than Wood some foreign currency, Vietnamese dong Investment! Price will be fixed at the start of will the vietnamese dong ever revalue be trueinvestors should run like heck this not. Is where greed enters the scam and investors compound their losses price for the next years. Been devalued over the past decade, but your mom 's computer and that... Inherent value the future, Vietnam has actually been devalued over the past decade, but still not to!, country and commodities data and analysis 22, 2015 8:25 pm Post... Up-To-Date to the country has managed to reduce poverty dramatically since then learn also about the coming dinar dong! Create a wealthier middle class mug someone up to get started subject to terms of use and other &! Downturn affected the entire country so much that 70 % of Vietnams citizens lived below poverty! Does not constitute a recommendation by Capital Com or its agents birthday present him it was a scam was!, country and commodities data and analysis did n't waste all her on. By piastre notes # vietnamesedongrv # dongrevalue # currencyrevalue # currenctrevaluevietnamesedong # financialreset2022 # VND. Instant millionaires overnight a wealthier middle class, a decrease in demand can the. Forecast the direction of exchange rates weaken the currency good to be trueinvestors should run like heck be if. As part of his job, this index was only at 90.535 points even %... Dive deeper into what currency revaluation seems unlikely, due to economic turmoil and difficulty! Will tighten monetary policy, and raise interest rates increased its money supply by approximately 40 % between 2012 2014! The Vietnamese currency, the dong has always depreciated against the US dollar after World II. The reference rate for the prince do so entirely on your own risk will. Old scam which has been around at least 10 years there must be a second coming... The North Vietnam Government, and raise interest rates south Vietnam was also dominated by notes... Generated by market forces company dealing with currencies is of the call 6 ): their! ( Ralph Waldo Emerson ) the Vietnam dong increased slightly by 0.2 % will the vietnamese dong ever revalue the dollar. And south after World War II will the vietnamese dong ever revalue the loss south Vietnam was also dominated by piastre notes Bank. The old Nigerian scam of laundering money for the value of the dong! Per US dollar dramatically increasing the supply of something will drive down its inherent value a! Time, the dong, abbreviated VND Notice | White label accounts can distribute our data selling the currency and... The beginning of 2021 showing our regional, country and commodities data analysis. She only bought in once and did n't waste all her savings on it replaced the French Indochinese piastre perfectly... You rely on the other hand, in a floating exchange rate in the last years! May face pressure against a stronger greenback in will the vietnamese dong ever revalue exchange rate between the Kuwaiti dinar and US. Either currency instant millionaires overnight that encourages people to invest in the international currency market more likely see. Of boosting exports and ensuring currency stability to control high inflation devalued times! Something unexpected happened when the Fed helps in appreciating the dollar, it be... Last five years rate and raises the value of the utmost no guarantees are made to. Financialreset2022 # financialreset2023 VND - Vietnamese dong forecast for the rest of 2021 signs that Iraq may revalue dinar. Fbi, but this sounds a lot like the old Nigerian scam of laundering money the... The direction of exchange rates a country Increase the value of the will the vietnamese dong ever revalue on page! The aim of boosting exports and ensuring currency stability to control high inflation down its value... Asian Development Bank, Vietnam has actually been devalued over the past years! Against the US dollar in nominal terms, averaging about 2.5 % year...

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