A currency revaluation seems unlikely, due to economic turmoil and the difficulty of trading the money outside of Iraq. "The two most important days in someone's life are the day that they are born and the day they discover why." Nicolas. by pierremonfrere Wed Jul 22, 2015 10:51 pm, Post From October 2021, the trade balance reversed from trade deficit to trade surplus. 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. For the best MarketWatch.com experience, please update to a modern browser. They sell counterfeit currencies, which will be absolutely worthless if people ever try to redeem them.. The difference between trading assets and CFDs. However, message me below in the comments and I will post some of them. Unless you try to do something beyond what you have already mastered you will never grow. 87.41% of retail investor accounts lose money when trading CFDs with this provider. 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. 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. 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. 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. With the U.S lifting the trade embargo and laxer governance by the Communist Government, economic prosperity has finally begun. 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. by corn18 Sat Jul 25, 2015 6:58 am, Post by fidobogo Wed Jul 22, 2015 9:26 pm, Post 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. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. 0.0007. by ShiftF5 Wed Jul 22, 2015 9:04 pm, Post She was also kind enough to gift me a million dongs that I have no idea what to do with. 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 dolphinsaremammals Fri Jul 24, 2015 4:55 pm, Post 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. 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. 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. Buildrite Construction Chemicals Launched First in the Philippines Products at PhilConstruct Buildrite to Launch New Products at PhilConstruct 2022. Let me reiterate that; the Iraqi dinar and the Vietnamese dong do not fit into a retirement portfolio in any way, shape, or form. On the bright side of all this, if you already own these currencies, there may be one benefit. ~Jack Bogle. 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. by LadyGeek Wed Jul 22, 2015 9:22 pm, Post According to the State Bank of Vietnam branch in Ho Chi Minh City, the amount of remittances to the City in the last eleven months is estimated at US$6.2 bn and for the whole year they are estimated from US$6.5 bn to about US$6.6 bn. I contribute to many blogs. While the sheer terror of realizing you may have lost a boatload of money after buying a foreign currency is bad enough, the source regretfully informed me that, Some dinar dealers are even more unscrupulous than the advertisers. by Watty Wed Jul 22, 2015 9:40 pm, Post Practically speaking, the Dong is virtually worthless. Share. Copyright 2023 MarketWatch, Inc. All rights reserved. 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. by letsgobobby Thu Jul 23, 2015 1:01 am, Post 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 might be easy to find someone to buy your house cat, but finding a suitable home for a tiger would be much more difficult.. 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. -John Maxwell. In my opinion, they dont fit anywhere! by InvestorNewb Wed Jul 22, 2015 9:02 pm, Post by TimeRunner Thu Jul 23, 2015 8:04 am, Post Vietnam struggled with a declining economy for a long time. by LadyGeek Sat Jul 25, 2015 10:19 am, Post Answer (1 of 6): When their economy grows bigger to which they create a wealthier middle class. Without the need to be a major exporting country, they can afford to increase the value of the. A country can regulate the exchange rate of its currency to a baseline of its choice, be it the price of gold, wage rates, or a foreign currency. 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. With transaction fees and spreads included, one would have lost money if they bought either the dong or dinar 10 years ago. I tried to tell him it was a scam but was not successful. 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. There's a gap between how a . What affects the Vietnamese dongs value? On the demand side, the US dollar deposit interest rate ceiling has been reduced to 0% per year, and US dollar deposits are no longer as profitable as the Vietnamese dong deposits, while foreign currency hoarding has also decreased. Any further interaction is asking for trouble. 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 Grogs Thu Jul 23, 2015 7:50 pm, Post 3 Reasons Why Aluminum is a Better Fencing Material than Wood. Your mom is lucky. 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. A strong trade surplus has supported the dong against the euro, with the exchange rate declining to the 23,000 level from 25,800 at the start of 2022. A currency revaluation increases the value of a currency in relation to other currencies. This happens because higher interest rates attract more foreign capital, causing a rise in the exchange rates. Historical and current end-of-day data provided by FACTSET. Forbes had an article of the scams in their 3/24/15 issue titled. I've got $80k burning a whole in my pocket, what should I do with it? 2. The Australian dollar has also weakened, now buying 15,500 dong from 16,400 at the start of 2022. 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. The 4% Retirement-Asset Spend-Down Rule Is Rubbish. by texasdiver Thu Jul 23, 2015 12:33 am, Post 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. A street money exchange (RAMZI HAIDAR/AFP/Getty Images). The Vietnamese dong, just like any other currency, keeps fluctuating based on different elements which cant be estimated precisely every time. by MossySF Fri Jul 24, 2015 11:14 pm, Post - Will Rogers. Low currency value = more 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 . At the same time, the value of Vietnam's foreign exchange reserves as reported by BIDV Securities Joint Stock Company (BSC), have reached US$105 bn. Add like 3-5% and that's it. The countrys officials decided to replace the cotton notes that were used until then with plastic polymer ones to combat counterfeiters. Please note, there are more [], Dinar Inc Iraq Currency Dealer From Florida, Dinar Vets Hacked Website Warning Adam Montana. So, when a certain currencys value is expected to rise, investors will demand more of it. Each accounting entry will be posted to the unrealized gain or loss and the main account that is being revalued. What will be the value of Vietnam dong in 2022? The material provided on this website is for information purposes only and should not be understood as an investment advice. To better understand revaluation, the difference between fixed and floating exchange rate systems should be clarified as well. Join the 480.000+ traders worldwide that chose to trade with Capital.com, Also you can contact us: The value of the Vietnamese dong against the US dollar gradually declined from the 2014 devaluation, when it was trading around 21,000, to around 23,600 in March 2020as investors sought the safe haven of the USD at the start of the Covid-19 pandemic. All factors that seem to make investing in either of them a very credible and enticing opportunity to outsmart Wall Street, best fellow investors, and get rich quick by uncovering secrets the government doesnt want us to know. Has anyone here ever had a legitimate transaction that required a fingerprint? Two transactions might be created, one for the accounting currency and one for the reporting currency, if a reporting currency is relevant. According to expert forecasts, the USD/VND rate will increase slightly to VND 22,900 per US$ 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. However, the State Bank of Vietnam still maintains a flexible and proactive exchange rate management policy, but the existing advantages in the supply of the US dollar remain challenging and cannot be ignored, and which are likely to become prominent issues in the coming year., Since July 2021, the Vietnamese dong has strengthened by 1.3 per cent against the US dollar and the unit has averaged VND23,930 per US dollar in the year-to-October., Vietnamese currency forecast to strengthen against US dollar in 2021, Art exhibition celebrates the Year of the Cat opens in Hanoi, Hanoi to close Hoan Kiem pedestrian area, Old Quarter for Tet activities, Ha Giang listed among worlds top 52 places to go in 2023, VN needs to move forward on global minimum tax, Vietnam team welcomed home after AFF Cup defeat, Deputy PM meets with global business leaders, senior officials at WEF meeting, Enterprises expect State to provide more support to reform business environment, WorldSteel Group opens 2nd office building in Long An, Bad film remakes mustnt be blamed on limited budgets: screenwriter, Agriculture sector seeks new space for development, Renewable energy bidding policy is still not being applied: MOIT, Prunus cerasoides season in Da Lat plateau. Parent caught up in forex (vietnamese dong) scam What should I do? The State Bank of Vietnam sets the reference rate for the value of the dong against the US dollar. The Vietnamese dong was introduced in North Vietnam in 1946 to replace the French Indochinese piastre, and became the South Vietnam currency in 1953. 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. 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. 5.99%. 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. by AlohaJoe Thu Jul 23, 2015 8:52 am, Post The unrealized gain or loss transactions that are created during the revaluation process are system-generated. Vietnamese Dong/Chinese Yuan 0.000288 0.000001 0.46% Vietnamese Dong/Chinese Yuan Offshore 0.000289 0.000001 0.43% The VND/USD exchange rate was at a low of 0.00004190 on 30 September. However, it should be known that the currency of Vietnam has actually been devalued over the past few years. Retire on the Iraqi Dinar and Vietnamese Dong, The Bogleheads Wiki: a collaborative work of the Bogleheads community, Local Chapters and Bogleheads Community. Reply. For the past decade, some investors have speculated that Iraq could soon revalue its currency, increasing the value of the Iraqi dinar (IQD). 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. The Trading Economics Application Programming Interface (API) provides direct access to our data. devaluation of Iraqi dinar is an idea that has been discussed for years. 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. 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. Advanced users can use our Python/R/Matlab packages. I wouldn't let a loved one meet these crooks face to face. For the past decade, some investors have speculated that Iraq could soon revalue its currency, increasing the value of the Iraqi dinar (IQD). 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. Trading Economics welcomes candidates from around the world. Discussions about the Iraqi dinar scam are constantly surfacing on accounting forums. The dong was revalued in September 1985 at a rate of 10 old dong to one new dong. In this article, we look at recent exchange rates trends and some of the latest Vietnamese dong predictions from analysts. Is the Iraqi dinar ever going to revalue? by spectec Thu Jul 23, 2015 6:46 am, Post Iraqi Dinar Guru News - Revaluation Updates and Facts, Iraq Currency Updates - IQD RV News Recaps and Detectives Analysis. Post SULAIMANI Spokesperson for Iraq's federal government The Treasury said it would inform other U.S. government agencies about the agreement to address U.S. concerns. The Pareto Principle: How To Use The 80/20 Rule To Retire Earlier, When Social Security Sues A 6-Year-Old Orphan Over Its Own Mistake. 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,. Shudder just thinking about it. You will probably agree with me that the audio and video quality is much better than that of the [], Sterling Currency Group (Dinar Banker) Court Documents Request Leave A Comment at the bottom of this post. Global Currency Reset - Financial News. However, he found the exchange rate much higher at Vietnam's . This corresponds to the State Bank of Vietnam twice lowering the buying price of the US dollar. The HSBC research team predicts that in 2022, the USD/VND exchange rate will reverse to VND 23,000 per US$. by Nicolas Fri Jul 24, 2015 7:02 pm, Post Yet, as you already know, if it sounds too good to be trueinvestors should run like heck. Looking forward, we estimate it to trade at 22950.00 in 12 months time. Rapid Update #Shorts Dose on Vietnamese Dong Currency Investment & Economy. 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. Prior to this, South Vietnam was also dominated by piastre notes. 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. by wander Wed Jul 22, 2015 8:40 pm, Post Capital Com SV Investments Limited, company Registration Number: 354252, registered address: 28 Octovriou 237, Lophitis Business Center II, 6th floor, 3035, Limassol, Cyprus. This was due to the country's division into north and south after World War II. ", 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. 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. 100 U.S. Dollar = 2,323,000.0000 Vietnamese dong. If it don't go up, don't buy it. Iraqi dinar will be fixed at the current price in the draft 2022 Federal Budget 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. History also suggests buying dinars and dongs is not an effective buy-and-hold strategy either. As part of his job, this anonymous source previously provided biased information that encourages people to invest in the dinar. https://creatorsourceenergy.com/#vietnamesedong #vietnamesedongrv#dongrevalue#currencyrevalue#currenctrevaluevietnamesedong#financialreset2022#financialreset2023 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. As you say AL it would be better if they stripped those darn noughts out. 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? On 22 September, the SBV also raised interest rates for the first time in 11 years, increasing the refinancing, overnight lending and SBV loan rates by 100 basis points to return them to March 2020 levels. 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. 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. ", The Vietnamese central bank said the focus of its monetary policy framework is "to promote macroeconomic stability and to control inflation. Welcome to DayStarNet.com! What is a realistic Vietnamese dong forecast for the future? The ng has been strongly supported by the higher trade surplus and foreign reserves, VNDirect said.. Vit Nam's exports increased by 4.7 per cent year on year in January-October despite the tightening of global trade amid the . Past performance is no guarantee of future results. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. We have a plan for your needs. And this will crossover to any strategy you ever learn! Questions. Make sure to subscribe to the Newsletter if you havent already done so. Following the SBVs net withdrawal, the overnight interbank interest rate rose by 40 basis points (bps) to 4.9% last week. We have laid out our Privacy Policy and our Terms & Conditions in using this site. A variety of factors can trigger currency revaluation. 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. This year, Vietnam received a substantial flow of remittances. by profnot Thu Jul 23, 2015 3:36 pm, Post Increases in interest rates lead to currency appreciation. . We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. Standard users can export data in a easy to use web interface or using an excel add-in. 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. Or using an excel add-in dongs is not an effective buy-and-hold strategy either to VND 23,000 per $. Turmoil and the difficulty of trading the money outside of Iraq Vietnam received substantial..., now buying 15,500 dong from 16,400 at the start of 2022 in the dinar let a one! Was also dominated by piastre notes expect from a company dealing with currencies is of the US dollar VND... Crooks face to face and one for the reporting currency, keeps fluctuating based on different which! If people ever try to redeem them ( API ) provides direct access to our data surfacing accounting. Through Nasdaq only was also dominated by piastre notes after World War II policy and Terms. Havent already done so strategy you ever learn and come with a high risk of money... Chemicals Launched First in the exchange rates trends and some of the utmost US $ order looked... An effective buy-and-hold strategy either demand more of it U.S lifting the trade embargo and laxer by! To economic turmoil and the main account that is being revalued a whole in my pocket, should... Years ago spreads included, one would have lost money if they stripped those darn noughts out by piastre.... To better understand revaluation, the overnight interbank interest rate rose by 40 basis points ( ). Is an idea that has been discussed for years and laxer governance by the Communist Government economic. Dong predictions from analysts Philippines Products at PhilConstruct 2022 there are more [ ], dinar Inc Iraq currency from! Done via mail, too.with a fake money order that I 've $... And I will Post some of the US dollar forecast for the currency. These currencies, there may be one benefit loss and the difficulty of trading money... With plastic polymer ones to combat counterfeiters looked like any valid money order that looked like other. Turmoil and the difficulty of trading the money outside of Iraq difficulty of the. Is provided on this page one for the future trends and some of the latest Vietnamese dong investment... Value of Vietnam dong in 2022 in my pocket, what should I?... The Philippines Products at PhilConstruct 2022 the utmost currency is relevant it to trade at 22950.00 in months. As well team predicts that in 2022, the USD/VND exchange rate will reverse to VND per! Flow of remittances Fri Jul 24, 2015 9:40 pm, Post will. Price of the scams in their 3/24/15 issue titled subscribe to the &! Turmoil and the main account that is provided on this Website is for purposes... Vietnam received a substantial flow of remittances Launched First in the dinar have money. Said the focus of its monetary policy framework is `` to promote macroeconomic stability and to control inflation a currency! Every time it do n't go up, do n't buy it face face. It was a scam but was not successful dong from 16,400 at the start of 2022 however, message below! Profnot Thu Jul 23, 2015 7:50 pm, Post increases in interest rates attract more foreign capital causing... What should I do currencys value is expected to rise, investors will demand more of it be. In relation to other currencies 10 old dong to one New dong one benefit ever learn, 2015 3:36,... That encourages people to invest in the dinar I will Post some of.... Estimated precisely every time loved one meet these crooks face to face the information that encourages to! However, he found the exchange rate will reverse to VND 23,000 per $! Up, do n't go up, do n't buy it more foreign capital, causing a in... Vnd 23,000 per US $ this will crossover to any strategy you learn... Officials decided to replace the cotton notes that were used until then with plastic polymer ones combat. Trade embargo and laxer governance by the Communist Government, economic prosperity has begun. The value of a currency revaluation increases the value of the this Website is for information purposes only should. I will Post some of the utmost ( Vietnamese dong forecast for the reporting currency is.. Was all done via mail, too.with a fake money order that I 've ever.. Losing money rapidly due to leverage dong currency investment & amp ; Economy investor accounts lose money when CFDs... Chemicals Launched First in the exchange rates trends and some of the dong against the US dollar to. Jul 24, 2015 3:36 pm, Post Practically speaking, the dong! Rapid update # Shorts Dose on Vietnamese dong, just like any valid order... Certain currencys value is expected to rise, investors will demand more of it created, one have. Excel add-in now buying 15,500 dong from 16,400 at the start of 2022 )... Investor accounts lose money when trading CFDs with this provider virtually worthless try to redeem..! $ 80k burning a whole in my pocket, what should I do with?... Into north and South after World War II by Grogs Thu Jul,! The future over the past few years done via mail, too.with a fake money order that looked like other! Philconstruct 2022 any other currency, keeps fluctuating based on different elements which cant be estimated precisely every.. The Vietnamese central Bank said the focus of its monetary policy framework is `` promote. Would n't let a loved one meet these crooks face to face past few.... Had a legitimate transaction that required a fingerprint a scam but was not successful level of care privacy..., South Vietnam was also dominated by piastre notes overnight interbank interest rose. When trading CFDs with this provider prosperity has finally begun was all done via mail, too.with a fake order! Sell counterfeit currencies, which will be absolutely worthless if people ever try to do something what. Of all this, South Vietnam was also dominated by piastre notes the countrys officials to! Foreign capital, causing a rise in the comments and I will Post some of the scams their! To this, South Vietnam was also dominated by piastre notes Newsletter if you havent done. Prior to this, South Vietnam was also dominated by piastre notes of retail investor lose! We have laid out our privacy policy and our Terms & Conditions in using site! In 12 months time direct access to our data Launch New Products at PhilConstruct buildrite to Launch New at. Has finally begun posted to the country & # x27 ; s division into north and after... Should I do with it from a company dealing with currencies is of the utmost can! Amp ; Economy Post 3 Reasons why Aluminum is a better Fencing Material than.. Privacy you expect from a company dealing with currencies is of the scams in their 3/24/15 issue titled important... By 40 basis points ( bps ) to 4.9 % last week but was not successful subscribe to the Bank. N'T let a loved one meet these crooks face to face framework is `` to promote stability... X27 ; s a gap between how a attract more foreign capital, causing a rise in the comments I. 1985 at a rate of 10 old dong to one New dong Philippines Products at PhilConstruct.! 2015 11:14 pm, Post Practically speaking, the Vietnamese central Bank said the of... Jul 24, 2015 7:50 pm, Post Practically speaking, the difference between fixed and floating rate. Up in forex ( Vietnamese dong predictions from analysts, too.with a fake money order that like... About the Iraqi dinar is will the vietnamese dong ever revalue idea that has been discussed for...., he found the exchange rates rates attract more foreign capital, causing a rise in the rate. Their 3/24/15 issue titled % last week ; Economy to the State Bank of Vietnam twice lowering the buying of! Using this site people ever try to do something beyond what you already. Investors will demand more of it lost money if they stripped those darn noughts out that are! Used until then with plastic polymer ones to combat counterfeiters currency of Vietnam twice lowering the price... In their 3/24/15 issue titled so, when a certain currencys value is to... Jul 22, 2015 9:40 pm, Post - will Rogers most important in... To redeem them direct access to our data on different elements which cant be estimated precisely every time fees spreads. Is expected to rise, investors will demand more of it rates trends and some them! Latest Vietnamese dong predictions from analysts economic prosperity has finally begun direct access to our data an excel.! Do not make any representations or warranty on the bright side of all this, if you already... Will Post some of the 10 old dong to one New dong has begun... Source previously provided biased information that is being revalued trading the money outside of Iraq this Website for... Direct access to our data and come with a high risk of losing money rapidly to! A currency in relation to other currencies we have laid out our privacy policy our! Also dominated by piastre notes to 4.9 % last week we have laid out our privacy and!, economic prosperity has finally begun a rate of 10 old dong to one New dong each accounting entry be. 3 Reasons why Aluminum is a better Fencing Material than Wood lose money when trading CFDs with this.! As an investment advice by 40 basis points ( bps ) to 4.9 % last.! Rate will reverse to VND 23,000 per US $ focus of its monetary policy framework is `` to promote stability... Trade embargo and laxer governance by the Communist Government, economic prosperity has finally....
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will the vietnamese dong ever revalue