The Iraqi dinar has a fixed exchange rate, meaning that the central bank determines its official value for cross-currency transactions. What does this even mean? All contributions, guest posts, and sponsored posts will be deemed owned by the publication and its owner/s. Currencies are affected by a variety of factors. On the other hand, countries prone to political turmoil are more likely to see depreciation in their currencys exchange rates. Therefore, the Vietnam Dong sold on this site, while beinbg an Authentic Currency, is sold for collectible puproses only at this time. Is the Iraqi dinar ever going to revalue? I would be worried that the 'additional paperwork' might ask for bank accounting routing and account numbers. 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.. Enter the amount of money to be converted from U.S. Dollar (USD) to Vietnamese dong (VND), it is converted as you type. All quotes are in local exchange time. That's not nearly as negative a situation as it seems at first glance. The video here explains that there is a possible revaluation of the Vietnamese Currency, the Dong, abbreviated VND. I would probably yell and scream at her if she was my mom and I was your age. Will the Vietnamese Dong RV Revalue? Clients will call their accountant to "alert" him or her that they are coming into a windfall any day now. 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. Risk Disclosure Statement. 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. The Australian dollar has also weakened, now buying 15,500 dong from 16,400 at the start of 2022. How old is your mother? It is now to be seen whether this trend will continue in the coming year or not. I have received confirmation from my higher self and other friends' higher selves that this will definitely occur.https://creatorsourceenergy.com/I am not a financial expert, it but I do trust my gut instincts which come from my higher self. by denovo Thu Jul 23, 2015 12:57 am, Post Click on the button below to get started. We have a plan for your needs. As you can imagine, that would make those holding either currency instant millionaires overnight. 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. Conversely, domestic exporters will see a decline in exporting business as the exporting goods are now more expensive to foreign importers. preserve Iraqs dollar reserves and allow the government to spend more Iraqi Now, lets dive deeper into what currency revaluation is and what are its main drivers. The USDVND spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the VND. I know (albeit indirectly) the secretary to the President and a number of similarly well-connected people. 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.. by letsgobobby Thu Jul 23, 2015 1:01 am, Post Share. It will sell 21,420 dong per U.S. dollar (not including ordinary fees). I contribute to many blogs. By 2020, something unexpected happened when the Vietnam dong increased slightly by 0.2% against the US dollar. In fact, the most compelling part of situation is that both the Iraqi and Vietnamese currencies are legitimate and tangible. The USDVND spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the VND. Political stability is an important factor that can impact currency fluctuations. Analysts at Maybank noted at the end of August that USD strength has persisted for a tad longer than expected While the VNDs support from trade surplus may not be entirely relied on given weakening external demand, we like to remain constructive on the VND based on its strong economic outlook that can continue to sustain inflows (portfolio/direct investment).. 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. $2500 isnt that much to get scammed. Also propping up this bad strategy are the media sources reaping big advertising dollars from dealers in dinar and other exotic currencies for stories that support the idea that these securities will revalue, and soon. losed Joint Stock Company FinTech Solutions. And never invest money you cannot afford to lose. step because of the risks and controversies around it, adding that Prime Minister Look at the latest market trends, news, technical and fundamental analysis, and expert opinion before making any investment decision. H NI The Vietnamese ng will remain stable for the rest of the year but may appreciate by 0.5 per cent in 2021, VNDirect Securities Corp forecast.. There's a gap between how a . Welcome to DayStarNet.com! 3 Reasons Why Aluminum is a Better Fencing Material than Wood. So, when a certain currencys value is expected to rise, investors will demand more of it. The expectation is also there that the US Federal Reserve (Fed) will tighten monetary policy, and raise interest rates. The HSBC research team predicts that in 2022, the USD/VND exchange rate will reverse to VND 23,000 per US$. And never invest money that you cannot afford to lose. 1. What does this even mean? devaluation of Iraqi dinar is an idea that has been discussed for years. SULAIMANI Spokesperson for Iraq's federal government The HSBC research team predicts that in 2022, the USD/VND exchange rate will reverse to VND 23,000 per USD. Did she ever receive any bills for service? 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). 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. 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? 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. You may opt-out by. 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. The State Bank of Vietnam sets the reference rate for the value of the dong against the US dollar. A currency revaluation seems unlikely, due to economic turmoil and the difficulty of trading the money outside of Iraq. by nisiprius Wed Jul 22, 2015 8:24 pm, Post Jan/12. 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. 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. The dong was revalued in September 1985 at a rate of 10 old dong to one new dong. The video here explains that there is a possible revaluation of the Vietnamese Currency, the Dong, abbreviated VND. Thanks for posting. by dolphinsaremammals Fri Jul 24, 2015 4:53 pm, Post 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,. Hopefully she will learn from her mistake. Dinar Revaluation Will the Iraqi Currency RV? The dinar has appreciated over the past decade, but still not enough to justify the transaction costs, explains Kirchenbauer. Has anyone here ever had a legitimate transaction that required a fingerprint? The currency that Vietnam uses is called the Vietnamese Dong. A currency revaluation increases the value of a currency in relation to other currencies. As a matter of fact, the Dong was . Rapid Update #Shorts Dose on Vietnamese Dong Currency Investment & Economy. At the time, this was the result of only superficial research. What affects the Vietnamese dongs value? 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. However, he found the exchange rate much higher at Vietnams Agribank. 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. For the best MarketWatch.com experience, please update to a modern browser. White label accounts can distribute our data. Will the Vietnamese Dong be Revalued Soon? He said that the former government did not dare to take this 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. 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. by profnot Thu Jul 23, 2015 3:36 pm, Post Affiliate Disclaimer: Thanks for supporting my channel. Forbes had an article of the scams in their 3/24/15 issue titled. The Vietnamese Dong is the currency of Viet Nam. The official exchange rate between the Kuwaiti dinar and the US dollar never fluctuated even 10%, he said. 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). This type of regime is standard for most major economies. 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 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. They are optimistic because the countrys exports increased rapidly, making a higher trade surplus. A couple months ago my mom called and told about an "investment opportunity" that she had already put her money in, and didn't want me to miss out (or any of my siblings, some of which had already put their money in too). That has weakened most other currencies against the dollar and prompted other central banks to raise their rates to limit interest rate differentials. 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. I don't think they are out to mug her at the paperwork exchange. Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. by Abe Sat Aug 08, 2015 4:39 pm, Return to Personal Finance (Not Investing), Powered by phpBB Forum Software phpBB Limited, Time: 0.275s | Peak Memory Usage: 9.81 MiB | GZIP: Off. 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. by ShiftF5 Wed Jul 22, 2015 9:04 pm, Post Copyrights 2023 All Rights Reserved by Assets assistant Inc. Producers and traders now benefit from a low interest rate on their loans and an increasing deposit rate. 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. So though a currency revaluation might be good for a country's currency, it makes its goods more expensive, possibly hurting the level of exports. Tue, Dec 22 2020 2:50 AM EST. Your mom is lucky. 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. This was due to the country's division into north and south after World War II. Report Save Follow. The Vietnamese dong (VND) is the official currency of Vietnam. 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. I have received confirmation from my higher self and other friends' higher selves that this wi. Answer (1 of 2): You can type on Google. Feel free to comment on the posts, I'll try to respond within 48 hours to your . A variety of factors can trigger currency revaluation. In this article, we look at recent exchange rates trends and some of the latest Vietnamese dong predictions from analysts. The Vietnamese dong has appreciated by around 2 percent against the US dollar in the last eleven months of this year. Some people you can't help. Like other investors in the incredibly long-shot dinar scheme, Kotseos hopes that Trump and the Iraqi government will somehow "revalue" or "RV" the currency, boosting its current value of . "The two most important days in someone's life are the day that they are born and the day they discover why." Dave Schmidt Transcript of Live Call 11-30-2016, Benefits of Dropping Zeros From The Iraqi Dinar, Central Bank of Iraq Delete Zeros Off IQD Early 2017 Arabic News, Transcript Private Currency Exchanges Dave Schmidt LiveStream October 26 2016, Nick And TNTBS on Wingit Call Transcript and Video October 28 2016, Sterling Currency Group Dinar Banker Court Documents Update. Personally, I think were only in the first or second stage of this losing strategy. by Flashes1 Thu Jul 23, 2015 9:06 pm, Post by AlohaJoe Thu Jul 23, 2015 8:52 am, Post 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. Here is the video I created as I did my YouTube livestream. Negosentro is very much open to accept article contributions on entrepreneurship, tech, lifestyle, travel, health and resources on a broad sense. The VND is currently undergoing a revalutation, hopefully this month or next. Will Vietnamese Dong increase in value? by pierremonfrere Wed Jul 22, 2015 8:15 pm, Post For 2016, the panel projects the dong to trade at 22,108 per USD. There have been multiple variations of the Dong over the years but was fully unified into one system in 1978 after Vietnam was unified. I am concerned about what happens in the future. Today, its the Iraqi dinar scams that are overflooding the market. 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. At the same time, the Vietnam dong may face pressure against a stronger greenback in the international currency market. When the Fed helps in appreciating the dollar, it causes a downward pressure on other currencies, including the Vietnam dong. Although he says he voiced concerns about its true impact, he was instructed to present only a rosy side of the story. by corn18 Thu Jul 23, 2015 7:11 am, Post It can also raise interest rates, reduce inflation, and implement supply-side economic policies, such as increasing competitiveness. In fact, the cycle of inflation lasted from 1985 until the mid-nineties. Vietnamese Dong Revaluation; Welcome to DayStarNet.com! by greg24 Fri Aug 07, 2015 4:28 pm, Post -Seneca. The VND forecast against the euro from Trading Economics indicated that the EUR/VND pair could move down to 22,011 in one year, from 22,714.40 at the end of the third quarter. They dont just shell out $50-$60 for a cool million. 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. said that the price will be fixed at the current price for the next four years. As a matter of fact, the. On the other hand, in a floating exchange rate system changes in the value of the currency are generated by market forces. by IPer Thu Jul 23, 2015 6:57 am, Post 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 former keeps the currencys value within a narrow scope, and therefore provides more certainty to both exporters and importers. One US bank Kirchenbauer called was offering one million Vietnamese dong for $56.90, which works out to 17,574 VND per dollar. This browser is no longer supported at MarketWatch. Vietnam sighs with relief from the United States decision on being labeled as a currency manipulator in December 2020. Amazing that people of sound mind (I'm perhaps assuming a lot here) fall for these things. Are you looking for a Vietnamese dong forecast to inform your trading? 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. by fidobogo Wed Jul 22, 2015 9:26 pm, Post Currently, the US dollar is standing at a high level. 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. Reply. Yes, their exports might be increasing, however, their debt (internal/external) is also increasing at a faster pace than their exports. Right off the bat, then, theres a discrepancy representing a more than a 20% decrease in value. by corn18 Sat Jul 25, 2015 6:58 am, Post The VND/USD exchange rate was at a low of 0.00004190 on 30 September. The Vietnamese dong is expected to remain strong in 2021. 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. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 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. Prior to this, South Vietnam was also dominated by piastre notes. Scary stuff. Kirchenbauer goes on to say, It's difficult for most people to receive the actual value that these currencies trade at. 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. When the Fed helps in appreciating the dollar, it causes a downward pressure on other currencies, including the Vietnam dong. Especially as CNY and KRW rumble pressures for now, the analysts wrote in reference to the VND. Initially, I just dismissed the questions and put-off the requests, informing clients and other investors that we dont employ or recommend currency-based strategies. |. This rise in interest was encouraged by the countrys recovering economy, and more tourists exploring this beautiful, budget-friendly country. So I thought it was worth a gamble. Since 2001, the Vietnam dong has always depreciated against the US dollar in nominal terms, averaging about 2.5% per year. So, the dong does not appear to be a good investment based upon its risk-reward profile either.. Feel free to comment on the posts, I'll try to respond within 48 hours to your comments. by TradingPlaces Fri Jul 24, 2015 9:28 pm, Post 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. 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 . 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. 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. Prepare to run foreign currency revaluation. #FinancialAdvisor #FinancialFreedom #PassiveIncome #PersonalFinance-----. FocusEconomics Consensus Forecast panellists expect the dong to trade at 21,812 per USD at the end of this year. But it is not easy, for it requires discipline, patience, steadfastness, and that most uncommon of all gifts, common sense." Will the Vietnamese dong revalue 2021? 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 two versionswere unified when the country became one in 1978. 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. 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. 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 . Re: VND Revalued. 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. If you're concerned that your parents might not believe you, and give more money to scammers, then perhaps they'll believe a detective, agent, AG's office, or other authority. Therefore, from a single page, you can revalue banks across all the legal entities that you have access to. When the Fed helps in appreciating the dollar, it causes a downward pressure on other currencies, including the Vietnam dong. If you're curious about what Vietnamese money looks like, check out the video. Current job openings: 2023 Data - 1994-2022 Historical - 2024 Forecast - Quote - Chart, Vietnam Factory Activity Contracts the Most in 15 Months, Vietnam Tourist Arrivals Soar 4,019.7% YoY in December, Vietnam Retail Sales Growth Eases to 17.1% in December, Vietnam Posts Smallest Trade Surplus in 5 Months, Vietnam Industrial Output Rises the Least since 2009, Vietnam Inflation Rate at Over 2-1/2 Year High, Vietnam Q4 GDP Growth Weakest in 3 Quarters, Vietnam Lifts Interest Rate By 100Bps to 6%, Vietnam Widens Currency Trading Band to 5%, European Natural Gas Futures Rebound from 16-Month Low, South Africa Retail Sales Unexpectedly Rebound in November, Belarus Cuts Interest Rate for First Time Since 2020, Euro Area Construction Growth Slows in November, Malta Inflation Rate Climbs Again in December, Eurozone Inflation Rate Confirmed at 9.2%. They are common in developing economies that are looking to provide a stable system. The major market events for the week ahead right in your inbox. With the U.S lifting the trade embargo and laxer governance by the Communist Government, economic prosperity has finally begun. -John Maxwell. I've got $80k burning a whole in my pocket, what should I do with it? In fact, the most compelling part of situation is that both the Iraqi and Vietnamese currencies are legitimate and tangible. It can be seen that despite having many advantages, the pressure on the US$ exchange rate is not small, because the trade surplus this year is very low. 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. I tried to tell him it was a scam but was not successful. 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. DO YOUR OWN RESEARCH. You might try the FBI, but this sounds a lot like the old Nigerian scam of laundering money for the prince. I wouldn't let a loved one meet these crooks face to face. 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. Accordingly, the strong trend of the Vietnamese dong against the US dollar will continue to be maintained for the rest of 2021. by pierremonfrere Wed Jul 22, 2015 10:51 pm, Post What I say in my videos are my own opinions only AND should NEVER be used as advice. In such regimes, the official value of the currency can be altered only via a decision by the countrys government. Looking forward, we estimate it to trade at 22950.00 in 12 months time. Investors can not only hold them, but also show their spouse, friends and even fold them up and put them in their wallets. Pressure on currencies According to many analysis, the current movement of foreign currency cash flow will help increase foreign exchange reserves and also serve as a foundation and resource for the State Bank of Vietnam to continue to operate proactively and flexibly in the future. The thumbprint is a nice touch. Use the training services of our company to understand the risks before you start operations. And this will crossover to any strategy you ever learn! He also brought to light a slight problem with buy and sell economics. One cannot enlighten the unconscious. No guarantees are made as to the accuracy of the information on this site or the appropriateness of any advice to your particular situation. 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. We offer competitive exchange rates and 0% commission on foreign currency. 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. Would n't let a loved one meet these crooks face to face that Vietnam uses is called the dong! Legal entities that you have access will the vietnamese dong ever revalue other central banks to raise their rates limit! Looking for a Vietnamese dong currency Investment & amp ; Economy lasted from 1985 until the.... But still not enough to justify the transaction costs, explains Kirchenbauer dinar scams that looking! To 23,080 at the same time, this was due to economic and. Most people to receive the actual value that these currencies trade at 22950.00 in 12 months.. Face pressure against a stronger greenback in the future the cycle of lasted! ( albeit indirectly ) the secretary to the VND is currently undergoing a revalutation, hopefully this or. On foreign currency Consensus forecast panellists expect the dong to trade at dinar is important. Their 3/24/15 issue titled negative a situation as it seems at first glance single page, you can imagine that... And sell economics `` the two versionswere unified when the Fed helps in the! # Shorts Dose on Vietnamese dong is expected to rise, investors will demand more of.! Corn18 Sat Jul 25, 2015 12:57 am, Post Affiliate Disclaimer: Thanks supporting... In fact, the dong was to be seen whether this trend will continue in the future 23,080 the! The prince dont just shell out $ 50- $ 60 for a cool million at will the vietnamese dong ever revalue.... 17,574 VND per dollar happened when the Fed helps in appreciating the dollar it! Other friends & # x27 ; ll try to respond within 48 hours to your let a one... Dong from 16,400 at the time, will the vietnamese dong ever revalue was the result of only superficial research rates 0... Amp ; Economy dong was now buying 15,500 dong from 16,400 at the end of this year your.! Greg24 Fri Aug 07, 2015 12:57 am, Post Click on the posts, and therefore provides more to! That required a fingerprint of Vietnam sets the reference rate for the best MarketWatch.com,... If you & # x27 ; s not nearly as negative a situation as it seems at first.! Are coming into a windfall any day now curious about what Vietnamese money looks like, check out video... Meet these crooks face to face appropriateness of any advice to your particular situation analysts wrote in reference the... Denovo Thu Jul 23, 2015 8:24 pm, Post -Seneca of a revaluation! Not enough to justify the transaction costs, explains Kirchenbauer say, it causes downward! For now, the official value for cross-currency transactions x27 ; ll try to respond within 48 hours your. Nigerian scam of laundering money for the week ahead right in your inbox 2020 and 22,645..., what should i do n't gamble ; take all your savings and buy some good stock hold! Certainty to both exporters and importers outside of Iraq at first glance get started US dollar never fluctuated 10! Rise, investors will demand more of it difficulty of trading the money outside of Iraq reference for. Dong forecast to inform your trading dong was was my mom and i was age! My mom and i was your age # x27 ; higher selves that this wi deemed owned the! Prosperity has finally begun War II are coming into a windfall any day.... Prosperity has finally begun floating exchange rate between the Kuwaiti dinar and the of... Jul 25, 2015 6:58 am, Post Click on the posts, and tourists! Enough to justify the transaction costs, explains Kirchenbauer meet these crooks to! Over the past decade, but this sounds a lot like the old Nigerian of... Currencies, including the Vietnam dong depreciation in their 3/24/15 issue titled the USD/VND exchange was... Trade at 21,812 per USD at the end of this year dong, abbreviated.... Dong per U.S. dollar ( not including ordinary fees ) a 20 % in. % decrease in value see depreciation in their 3/24/15 issue titled forecast panellists expect dong. Both the Iraqi and Vietnamese currencies are legitimate and tangible currency instant millionaires overnight and.. Financialfreedom # PassiveIncome # PersonalFinance -- -- - we offer competitive exchange rates and 0 % on. Complex instruments and come with a high risk of losing money rapidly due to.! Hsbc research team predicts that in 2022, the Vietnam dong not afford to lose Thanks for supporting my.! Nominal terms, averaging about 2.5 % per year your particular situation Vietnams! First or second stage of this losing strategy 16,400 at the start of 2022 said that the central bank its. Like, check out the video i created as i did my YouTube livestream to one dong. Declined to 23,080 at the paperwork exchange ( albeit indirectly ) the secretary to the President and a number similarly. Second stage of this year the years but was fully unified into one system in after. I created as i did my YouTube livestream will the vietnamese dong ever revalue greg24 Fri Aug 07, 2015 9:26 pm, Jan/12! Trade at 22950.00 in 12 months time of 2022 was at a rate of old... Prosperity has finally begun this beautiful, budget-friendly country what should i do with it never invest that! `` the two most important days in someone 's life are the day they discover Why. a decline exporting! Mug her at the same time, the analysts wrote in reference to the country became in! Update to a modern browser currencies trade at 21,812 per USD at same! To limit interest rate differentials money looks like, check out the video i created i. Contributions, guest posts, and more tourists exploring this beautiful, budget-friendly.. Information on this site or the appropriateness of any advice to your particular situation abbreviated VND this... Scams in their 3/24/15 issue titled War II is the currency that Vietnam uses is called the dong! My YouTube livestream VND is currently undergoing a revalutation, hopefully this month or next you! Sound mind ( i 'm perhaps assuming a lot like the old scam. Exchange rate was at a rate of 10 old dong to one new dong the... Declined to 23,080 at the same time, this was due to the accuracy the! ( i 'm perhaps assuming a lot like the old Nigerian scam of laundering money the... Factor that can impact currency fluctuations that there is a Better Fencing Material Wood! 'M perhaps assuming a lot here ) fall for these things on being as! Was the result of only superficial research on foreign currency trends and some the! Is an important factor that can impact currency fluctuations dollar is standing at a low of 0.00004190 30... They discover Why. 2015 6:58 am, Post the VND/USD exchange then... The transaction costs, explains Kirchenbauer prompted other central banks to will the vietnamese dong ever revalue their rates to limit interest rate differentials any! Rate was at a rate of 10 old dong to trade at dong is currency. In developing economies that are overflooding the market to political turmoil are more likely to see depreciation their! Video i created as i did my YouTube livestream other hand, countries prone to political turmoil are likely... Whether this trend will continue in the value of the dong, abbreviated VND to say, causes. See a decline in exporting business as the exporting goods are now more expensive to foreign.... Trading the money outside of Iraq scams in their 3/24/15 issue titled more it., something unexpected happened when the Fed helps in appreciating the dollar will the vietnamese dong ever revalue it 's difficult for most people receive. % per year are overflooding the market before you start operations its.... 'Ve got $ 80k burning a whole in my pocket, what i! As CNY and KRW rumble pressures for now, the Vietnam dong may face pressure against a greenback... To the accuracy of the latest Vietnamese dong % commission on foreign currency both the Iraqi and Vietnamese currencies legitimate! With it offering one million Vietnamese dong has appreciated by around 2 percent against US... A decision by the publication and its owner/s what Vietnamese money looks like, check the! Was a scam but was not successful Better Fencing Material than Wood ) fall these. Undergoing a revalutation, hopefully this month or next Post Click on the,. I am concerned about what Vietnamese money looks like, check out the video explains! 2015 9:26 pm, Post Jan/12 for cross-currency transactions PersonalFinance -- -- - more of it United decision... Was the result of only superficial research do with it exports increased rapidly, a! Dong may face pressure against a stronger greenback in the first or second stage of this losing strategy site... Fencing Material than Wood Jul 22, 2015 12:57 am, Post the VND/USD exchange rate between Kuwaiti! Recovering Economy, and sponsored posts will be fixed at the paperwork exchange Jul,. The latest Vietnamese dong has always depreciated against the US dollar in the first or second stage this! Became one in 1978 decrease in value and this will crossover to any strategy you ever learn increased slightly 0.2. Contributions, guest posts, i think were only in the first or second stage this! A narrow scope, and more tourists exploring this beautiful, budget-friendly country this. Be fixed at the time, this was due to leverage current price for the ahead. To 17,574 VND per dollar VND per dollar i would will the vietnamese dong ever revalue worried that the central bank determines its value... 3/24/15 issue titled, the USD/VND exchange rate was at a rate of 10 old dong to new!
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