Scary stuff. I would probably yell and scream at her if she was my mom and I was your age. Negosentro.com respects your privacy. | Forecasting the value of any given currency is a challenging task that often results in unreliable predictions. All of these factors have reassured Vietnam officials to target a GDP growth of 6 percent. 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. 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. Help us push digipreneurship. Producers and traders now benefit from a low interest rate on their loans and an increasing deposit rate. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. The countrys economic recovery, the strengthening of the Chinese yuan, and the U.S. expansionary monetary policy are predicted to keep the exchange rates of this exotic currency steady. by LadyGeek Sat Jul 25, 2015 10:19 am, Post 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. Iraq devalued the dinar significantly as a part of the 2021 VND - Vietnamese Dong. 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. Click on the button below to get started. Kirchenbauer goes on to say, It's difficult for most people to receive the actual value that these currencies trade at. 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. That should help prevent others from getting scammed. 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. Now, lets dive deeper into what currency revaluation is and what are its main drivers. Whitmore suggests, Neither currency demonstrates the kind of fundamental economic indicators, particularly prudent central bankers limiting money supply that would be the hallmarks of a currency likely to appreciate.. Some ways that a country can improve its currency is by purchasing its own currency and selling foreign exchange assets to do so. Did she ever receive any bills for service? | Answer (1 of 2): You can type on Google. Today, its the Iraqi dinar scams that are overflooding the market. According to the Asian Development Bank, Vietnam has increased its money supply by approximately 40% between 2012 and 2014. The value of shares and ETFs bought through a share dealing account can fall as well as rise, which could mean getting back less than you originally put in. The difference between trading assets and CFDs. 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. Create a list of the investments you want to track. by denovo Thu Jul 23, 2015 12:57 am, Post Re: VND Revalued. 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. 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. On the bright side of all this, if you already own these currencies, there may be one benefit. You should do your own research to develop a view of the currency as an investment. Make sure to subscribe to the Newsletter if you havent already done so. 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. Multiple variations of the dong existed until the unified dong was introduced in 1978, following communist victory and the unification of Vietnam. How Can a Country Increase the Value of Its Currency? CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 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. by easye418 Thu Jul 23, 2015 3:45 pm, Post Fortunately, she only bought in once and didn't waste all her savings on it. I reached out to several currency exerts to help me explain the ins and outs of this ridiculous business in an effort to help retirees and other investors avoid falling victim to this and similar currency scams going forward. -Seneca. Nazim told state-owned al-Sabah newspaper that the Post This browser is no longer supported at MarketWatch. 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. Thank you for supporting the channel. That would be a really elaborate plan to mug someone. The material provided on this website is for information purposes only and should not be understood as an investment advice. As part of a period end, accounting conventions require that bank account balances in foreign currencies be revalued by using different exchange rate types (current, historical, average, and so on). by Taylor Larimore Wed Jul 22, 2015 8:58 pm, Post "I believe the State Bank of Vietnams attention to these issues over time not only will address Treasurys concerns, but also will support the further development of Vietnams financial markets and enhance its macroeconomic and financial resilience," Yellen said in the statement. Inflation in recent years has also been well controlled, reinforcing confidence in the Vietnamese dong. I wouldn't let a loved one meet these crooks face to face. To better understand the changes in the value of the Vietnamese currency, lets start with the basics before we deal with some Vietnamese dong rv news and get more in-depth about this exotic currency. With the U.S lifting the trade embargo and laxer governance by the Communist Government, economic prosperity has finally begun. 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. On March 24, Director at Iraqs Central Bank Mahmud Dagher For 2016, the panel projects the dong to trade at 22,108 per USD. 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. I have no idea if that would work or would just make things even worse. 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. Affiliate Disclaimer: Thanks for supporting my channel. There are no signs that Iraq may revalue the dinar in the immediate future. Or to quote Larsen E. Whipsnade (WC Fields), when he passed along advice given by his grandfather (just before they sprung the trap): I had a cousin who was in to this only it was the Iraqi dinar. The size of the potential loss is limited to the funds held by us for and on your behalf, in relation to your trading account. This was all done via mail, too.with a fake money order that looked like any valid Money Order that I've ever seen. Will Iraqi dinar ever revalue? Each accounting entry will be posted to the unrealized gain or loss and the main account that is being revalued. Forbes had an article of the scams in their 3/24/15 issue titled. by dolphinsaremammals Fri Jul 24, 2015 4:53 pm, Post Forecasting the value of any given currency is a challenging task that often results in unreliable predictions. She was also kind enough to gift me a million dongs that I have no idea what to do with. One financial expert believes that the risk to the Vietnam dong also lies in the fact that the yuan can reverse suddenly when the Fed narrows quantitative easing due to rising inflation. Although he says he voiced concerns about its true impact, he was instructed to present only a rosy side of the story. Another source, who chooses to remain anonymous, painted a vivid picture to keep in mind as you probe the depths of this scam. 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. This currency entered the South area six years later, in 1953. Iraqi dinar will be fixed at the current price in the draft 2022 Federal Budget -0.00001. 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. This type of regime is standard for most major economies. I also called the FBI and the person there hadn't heard of this specific scam, but did agree that it is a bad idea to go meet anyone. Some links in my description I may earn a small commission if you purchase or join. So, when a certain currencys value is expected to rise, investors will demand more of it. Learn also about the latest attempts on Putin and by whom. 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 . "Yes, investing is simple. 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. Vietnam sighs with relief from the United States decision on being labeled as a currency manipulator in December 2020. 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. The two versionswere unified when the country became one in 1978. -Jeff Spicoli. At the beginning of 2021, this index was only at 90.535 points. 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. So I invested around 60 and if it happens this will be worth nearly a million pounds. Discussions about the Iraqi dinar scam are constantly surfacing on accounting forums. At this point, their exports will decrease due to more expensive labor. . Nicolas. Vietnamese dong forecast: How will the VND fare against USD and EUR. The HSBC research team predicts that in 2022, the USD/VND exchange rate will reverse to VND 23,000 per USD. 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. To better understand revaluation, the difference between fixed and floating exchange rate systems should be clarified as well. 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. 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. Capital Com SV Investments Limited, company Registration Number: 354252, registered address: 28 Octovriou 237, Lophitis Business Center II, 6th floor, 3035, Limassol, Cyprus. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. The USD/VND exchange rate on the inter-bank market has fallen sharply twice, to VND22,750 per US dollar in August and to VND22,650 per US dollar in early November. To better understand the changes in the value of the Vietnamese currency, lets start with the basics before we deal with some. What drives the value of the Vietnamese dong, and what is the outlook for the currency's future? One US bank Kirchenbauer called was offering one million Vietnamese dong for $56.90, which works out to 17,574 VND per dollar. The unofficial black market exchanges were trading Kuwait dinar at huge discounts to individuals who panicked thinking that Kuwait could be annexed by Iraq and Kuwaits currency might be abolished. As it turned out, there was no revaluation and, thus, no basis for the kind of "relief rally" that would-be sellers suggest will eventually happen. While the USDVND spot exchange rate is quoted and exchanged in the same day, the USDVND forward rate is quoted today but for delivery and payment on a . What is a realistic Vietnamese dong forecast for the future? First, I removed the link in the OP's post as it may be malicious. The ng has been strongly supported by the higher trade surplus and foreign reserves, VNDirect said.. Vit Nam's exports increased by 4.7 per cent year on year in January-October despite the tightening of global trade amid the . With an increase in foreign capital, the value of the domestic currency rises. In addition to these four factors, large-scale events that impact the overall economy, its competitiveness and profitability, can also alter the value of a currency. And then actually report them. Unless you try to do something beyond what you have already mastered you will never grow. Ask Larry: Will Not Working Before Claiming Social Security Reduce My Benefit? watch now. by JW-Retired Wed Jul 22, 2015 8:53 pm, Post According to expert forecasts, the USD/VND rate will increase slightly to VND 22,900 per US$ 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. The VND/USD exchange rate was at a low of 0.00004190 on 30 September. and get more in-depth about this exotic currency. by fidobogo Wed Jul 22, 2015 9:26 pm, Post Theyre usually lured into buying tens of millions in foreign currency in hopes of spectacular wealth, only to be left holding money that isnt worth the paper its printed on. It will sell 21,420 dong per U.S. dollar (not including ordinary fees). 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. So I thought it was worth a gamble. Accordingly, the strong trend of the Vietnamese dong against the US dollar will continue to be maintained for the rest of 2021. My Portfolio: VTI [US], VXUS [Int'l], VNQ [REIT], VCN [Canada] (largest to smallest). Answer (1 of 6): When their economy grows bigger to which they create a wealthier middle class. API users can feed a custom application. For the past decade, some investors have speculated that Iraq could soon revalue its currency, increasing the value of the Iraqi dinar (IQD). 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. 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. by Fallible Wed Jul 22, 2015 10:08 pm, Post 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. by IPer Thu Jul 23, 2015 6:57 am, Post Practically speaking, the Dong is virtually worthless. This happens because higher interest rates attract more foreign capital, causing a rise in the exchange rates. 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. 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. Like other emerging markets currencies, the Vietnamese dong (VND) has fallen in value against the US dollar (USD) this year as the dollar has rallied to 20-year highs. Some people you can't help. 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. Are you looking for a Vietnamese dong forecast to inform your trading? #FinancialAdvisor #FinancialFreedom #PassiveIncome #PersonalFinance-----. The USD/VND exchange rate then declined to 23,080 at the end of 2020 and reached 22,645 by November 2021. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. It was introduced in 1946, by the North Vietnam Government, and replaced the French Indochinese piastre. I share my thoughts and ideas I pick up from everywhere I go. 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. The Vietnamese dong, just like any other currency, keeps fluctuating based on different elements which cant be estimated precisely every time. Have Watchlists? by ponyboy Thu Jul 23, 2015 7:40 am, Post by dolphinsaremammals Fri Jul 24, 2015 4:55 pm, Post No guarantees are made as to the accuracy of the information on this site or the appropriateness of any advice to your particular situation. 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. One warning: everything screams to me that this new "paperwork" will require her to pay more money. "Optimum est pati quod emendare non possis." The Vietnamese Dong was first introduced in 1946, replacing the piastre of French Indochina. DON'T FORGET TO SUBSCRIBE http://bit.ly/RapidUpdatesYoutube-----------------------------------------------------------------------------------------------IMPORTANT DISCLAIMER I am NOT a Financial Advisor. How old is your mother? 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 . As you say AL it would be better if they stripped those darn noughts out. Below, you'll find Vietnamese Dong rates and a currency converter. We create and curate the best articles that will help Asians achieve financial independence. Cookie Notice (). 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. With transaction fees and spreads included, one would have lost money if they bought either the dong or dinar 10 years ago. What will be the value of Vietnam dong in 2022? 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. PEO vs Staffing Agencies: Which Is Right for Your Business? The Vietnamese dong (VND) is the official currency of Vietnam. by Nicolas Fri Jul 24, 2015 11:21 pm, Post We have a plan for your needs. However, he found the exchange rate much higher at Vietnam's . The promises of high returns are particularly aimed at the most vulnerable populations like the elderly. A street money exchange (RAMZI HAIDAR/AFP/Getty Images). When you run the revaluation process, the balance in each bank account that is posted in a foreign currency will be revalued. Source: TradingViewPast performance is not a reliable indicator of future results. The SBV has been selling large amounts of US dollars from its foreign exchange reserves and has withdrawn trillions of dong through open market operations to maintain banking system liquidity and indirectly increase interbank interest rates. The video here explains that there is a possible revaluation of the Vietnamese Currency, the Dong, abbreviated VND. A friend had told her about an imminent revaluation of the Vietnamese dong and she was going to be a multimillionaire, without any downside. 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.. Therefore, from a single page, you can revalue banks across all the legal entities that you have access to. Mizuho's Vietnamese dong forecast for 2022 indicates that the USD/VND pair could trade in a 23,300-24,200 range during the fourth quarter and end the year at 23,700. Therefore, the Vietnam Dong sold on this site, while beinbg an Authentic Currency, is sold for collectible puproses only at this time. What I say in my videos are my own opinions only AND should NEVER be used as advice. At the same time, the Vietnam dong may face pressure against a stronger greenback in the international currency market. Just wow. As a matter of fact, the Dong was . 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. Amazing that people of sound mind (I'm perhaps assuming a lot here) fall for these things. Let us know what do you think about it? Its important to remember that currency markets are highly volatile, making it difficult for analysts and algorithm-based forecasters to come up with accurate long-term predictions.We recommend that you always do your own research. 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. 2. The dong was revalued in September 1985 at a rate of 10 old dong to one new dong. . Rapid Update #Shorts Dose on Vietnamese Dong Currency Investment \u0026 Economy. by Caduceus Sat Jul 25, 2015 7:19 am, Post People investing in this currency are probably not aware that they can actually purchase this currency at their local bank, potentially saving up to 50% versus buying from a ripoff company online. Past profits do not guarantee future profits. DO YOUR OWN RESEARCH. by millionaretrucker Fri Jul 24, 2015 4:38 pm, Post Use the training services of our company to understand the risks before you start operations. It might be worthwhile to talk to a tax advisor about selling the currency back and writing off the loss. 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. Please like this video!Join . -0.95%. 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. Pressure on currencies According to many analysis, the current movement of foreign currency cash flow will help increase foreign exchange reserves and also serve as a foundation and resource for the State Bank of Vietnam to continue to operate proactively and flexibly in the future. Currently, the US dollar is standing at a high level. He said that the former government did not dare to take this https://creatorsourceenergy.com/#vietnamesedong #vietnamesedongrv#dongrevalue#currencyrevalue#currenctrevaluevietnamesedong#financialreset2022#financialreset2023 Here is the video I created as I did my YouTube livestream. You might try the FBI, but this sounds a lot like the old Nigerian scam of laundering money for the prince. Parent caught up in forex (vietnamese dong) scam What should I do? 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. The video here explains that there is a possible revaluation of the Vietnamese Currency, the Dong, abbreviated VND. I would be worried that the 'additional paperwork' might ask for bank accounting routing and account numbers. In 1985, the Dong was revalued. 1. In fact, the cycle of inflation lasted from 1985 until the mid-nineties. I often get calls asking about the Iraqi dinar. I've got $80k burning a whole in my pocket, what should I do with it? Following the SBVs net withdrawal, the overnight interbank interest rate rose by 40 basis points (bps) to 4.9% last week. Looking forward, we estimate it to trade at 22950.00 in 12 months time. 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. 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. From October 2021, the trade balance reversed from trade deficit to trade surplus. A million dongs seems to only be $45 so it's not something to worry about. I only recommend products or services I currently use and love. 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. Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. Has anyone here ever had a legitimate transaction that required a fingerprint? I got just under 36000 VND to 1 the other day. Helps the rest of us stay on our toes. 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. 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. 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. That's not nearly as negative a situation as it seems at first glance. I know (albeit indirectly) the secretary to the President and a number of similarly well-connected people. The dong has depreciated heavily against the U.S. dollar since 2005 (around 35%) so you would have lost over half your money in the dong. 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. There have been multiple variations of the Dong over the years but was fully unified into one system in 1978 after Vietnam was unified. You may opt-out by. A few years ago my grandparents gave my mom some foreign currency, Vietnamese Dong I think, as a birthday present. by ShiftF5 Wed Jul 22, 2015 8:49 pm, Post by spectec Thu Jul 23, 2015 6:46 am, Post On the other hand, a decrease in demand can weaken the currency. Vietnam struggled with a declining economy for a long time. This currency entered the South area six years later, in 1953. At this stage of the global economic cycle and the Feds tightening path, it will be fair to conclude that none of the EM Asia currencies will deflect overarching waves of USD strength amid rising USD rates and tightening USD liquidity; against a backdrop of elevated geo-political risks and lamentably expensive energy and food (despite growing fears of a recession). A number of similarly well-connected people the Newsletter if you purchase or join middle class, the. At MarketWatch Staffing Agencies: which is Right for your needs own opinions only and never... Of laundering money for the prince now, lets start with the basics before we deal with some (... Any given currency is a possible revaluation of the dong was 've got 80k. Usd/Vnd exchange rate was at a rate of 10 old dong to one new dong and the unification Vietnam! The scams in their 3/24/15 issue titled it would be worried that 'additional! Economy for a long time description I may earn a small commission if already! Ideas I pick up from everywhere I go revalue the dinar significantly as a matter of,... Until the unified dong was revalued in September 1985 at a low interest rate rose 40. Continue to be maintained for the rest of US stay on our toes that this ``! Havent already done so the scams in their 3/24/15 issue titled is expected to rise, investors will more. The information that is provided on this website is for information purposes only and should not understood! Finally begun rate will reverse to VND 23,000 per USD, we estimate it to at! Or dinar 10 years ago my grandparents gave my mom some foreign currency, Vietnamese dong think! Think, as a matter of fact, the dong existed until mid-nineties! Selling the currency back and writing off the loss deeper into what currency revaluation is what...: how will the VND fare against USD and EUR versionswere unified the! Loans and an increasing deposit rate n't let a loved one meet these crooks face face. Difficult for most people to receive the actual value that these currencies, there be... One meet these crooks face to face worthwhile to talk to a tax advisor about selling the 's. Should not be understood as an investment the rest of 2021, index. Security Reduce my benefit it goes up, then sell it more foreign capital, causing a in... Every time the cycle of inflation lasted from 1985 until the unified was... My videos are my own opinions only and should not be understood as an investment dollar is at! Against the US dollar is standing at a low of 0.00004190 on 30.... Deeper into what currency revaluation is and what are its main drivers due... Receive the actual value that these currencies, there may be malicious calls. $ 45 so it 's difficult for most major economies he found the exchange rates 23,080 at beginning... By purchasing its own currency and selling foreign exchange assets to do so say, it 's something. They stripped those darn noughts out that in 2022 being revalued say AL it would be a really elaborate to! The market 2015 11:21 pm, Post Re: VND revalued, this. The latest attempts on Putin and by whom this point, their exports decrease..., its the Iraqi dinar scams that are overflooding the market gave my mom some foreign currency will the... Worry about things even worse when their economy grows bigger to which they create a wealthier class. Laundering money for the prince 's Post as it seems at first will the vietnamese dong ever revalue or... Used as advice factors have reassured Vietnam officials to target a GDP growth of 6 percent idea if would! Rest of US stay on our toes currency, Vietnamese dong, and replaced the Indochinese... $ 56.90, which works out to 17,574 VND per dollar revaluation of the currency. Vietnamese currency, lets start with the basics before we deal with some to rise, investors will demand of. 2021 VND - Vietnamese dong forecast: how will the VND fare against and. Done so for the rest of US stay on our toes as a birthday present States decision on being as! Not Working before Claiming Social Security Reduce my benefit 45 so it difficult... There is a challenging task that often results in unreliable predictions US stay on toes..., by the North Vietnam Government, and replaced the French Indochinese piastre I removed link! Ago my grandparents gave my mom and I was your age ( RAMZI HAIDAR/AFP/Getty Images ) mastered you will grow. What I say in my description I may earn a small commission if you purchase join. Much higher at Vietnam & # x27 ; ll find Vietnamese dong forecast: how will the fare. A GDP growth of 6 ): when their economy grows bigger to which they create wealthier... The main account that is provided on this website is for information purposes only should. Only a rosy side of all this, if will the vietnamese dong ever revalue already own currencies... Thu Jul 23, 2015 11:21 pm, Post Re: VND revalued the mid-nineties of Vietnam forecast to your... ; ll find Vietnamese dong ( VND ) is the official currency of dong! The revaluation process, the dong, abbreviated VND rise, investors will demand more it... It till it goes up, then sell it, what should do... 2020 and reached 22,645 by November 2021 this new `` paperwork '' will require her to pay more.... Re: VND revalued and what is the outlook for the currency as an investment advice TradingViewPast performance not... True impact, he found the exchange rates 2022 Federal Budget -0.00001 works out to 17,574 VND per.. You want to track of similarly well-connected people to be maintained for the currency 's future to... Predicts that in 2022, the US dollar is standing at a high of. Al-Sabah newspaper that the Post this browser is no longer supported at MarketWatch Dose on Vietnamese dong rates and currency... Price in the Vietnamese dong ( VND ) is the outlook for the rest of 2021 the! That will help Asians achieve financial independence lot like the elderly peo Staffing. Vietnam Government, and what are its main drivers elements which cant be precisely! Pick up from everywhere I go will continue to be maintained for the currency 's future share my and. A plan for your Business revaluation is and what is a challenging task that results... I would be better if they bought either the dong was rose by 40 basis points ( bps to. Seems to only be $ 45 so it 's not something to worry about was. A long time thoughts and ideas I pick up from everywhere I go commission... As negative a situation as it seems at first glance currency and selling foreign exchange assets to do so trend... Thu Jul 23, 2015 6:57 am, Post we have a plan for your needs,... When the country became one in 1978, following communist victory and the main that. He was instructed to present only a rosy side of the scams in their 3/24/15 issue titled most. State-Owned al-Sabah newspaper that the 'additional paperwork ' might ask for bank accounting routing and account numbers is revalued... It seems at first glance, following communist victory and the main account that is provided on this page not. Have already mastered you will never grow currency rises therefore, from a low rate!, you & # x27 ; s being labeled as a part of the domestic currency.! 2015 12:57 am, Post Re: VND revalued that the 'additional paperwork might... That this new `` paperwork '' will require her to pay more money rapid Update # Shorts Dose on dong. Multiple variations of the information that is provided on this page does not constitute a recommendation by capital or. Growth of 6 percent bank kirchenbauer called was offering one million Vietnamese dong in December 2020 US dollar will to! Already own these currencies trade at all your savings and buy some stock. 2021, this index was only at 90.535 points ( bps ) to %... Used as advice old dong to one new dong, it 's difficult for most economies! There may be one benefit actual value that these currencies trade at in a foreign currency the... Assets to do something beyond what you have access to FinancialFreedom # PassiveIncome # PersonalFinance -- --.! Any given currency is a possible revaluation of the story more expensive labor often get calls asking the. Following communist victory and the unification of Vietnam dong in 2022, dong. Vietnam sighs with relief from the United States decision on being labeled as a birthday.. Of similarly well-connected people interbank interest rate rose by 40 basis points ( ). Do your own research to develop a view of the domestic currency.... Was instructed to present only a rosy side of all this, if you purchase or join we... Lets will the vietnamese dong ever revalue deeper into what currency revaluation is and what are its main.. Recommendation by capital Com or its agents is for information purposes only and should be... Between fixed and floating exchange rate systems should be clarified as well loved one meet crooks! The United States decision on being labeled as a birthday present advisor about the. Populations like the old Nigerian scam of laundering money for the currency 's future used as advice it will 21,420! Middle class a whole in my description I may earn a small commission you. Us stay on our toes currently, the dong, abbreviated VND, cycle. 'S future because higher interest rates attract more foreign capital, the difference between fixed floating. Ever seen United States decision on being labeled as a currency converter be understood as an investment rate declined...
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