Therefore, the Vietnam Dong sold on this site, while beinbg an Authentic Currency, is sold for collectible puproses only at this time. The expectation is also there that the US Federal Reserve (Fed) will tighten monetary policy, and raise interest rates. losed Joint Stock Company FinTech Solutions. Affiliate Disclaimer: Thanks for supporting my channel. What drives the value of the Vietnamese dong, and what is the outlook for the currency's future? http://www.forbes.com/sites/robertlaura mese-dong/. 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. 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. 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. That has weakened most other currencies against the dollar and prompted other central banks to raise their rates to limit interest rate differentials. The thumbprint is a nice touch. 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.. This type of regime is standard for most major economies. Such estimates of a future trend are difficult to predict, as we cant tell the future and the best we can do is make educated guesses. The State Bank of Vietnam sets the reference rate for the value of the dong against the US dollar. Questions. 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. It can also raise interest rates, reduce inflation, and implement supply-side economic policies, such as increasing competitiveness. preserve Iraqs dollar reserves and allow the government to spend more Iraqi Hear My Story https://youtu.be/WWjVO34D1-AWELCOME TO RAPID UPDATES CHANNEL. Something went wrong while loading Watchlist. At the session on 3 December, the DXY index continued to hold at a high level of 96.15 points. On March 24, Director at Iraqs Central Bank Mahmud Dagher In this article, we look at recent exchange rates trends and some of the latest Vietnamese dong predictions from analysts. Without the need to be a major exporting country, they can afford to increase the value of the. Feel free to comment on the posts, I'll try to respond within 48 hours to your . by letsgobobby Thu Jul 23, 2015 1:01 am, Post I have no idea if that would work or would just make things even worse. All quotes are in local exchange time. by Nicolas Fri Jul 24, 2015 11:21 pm, Post Have Watchlists? I would probably yell and scream at her if she was my mom and I was your age. Currently, the US dollar is standing at a high level. Did she ever receive any bills for service? 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. Iraqi dinar will be fixed at the current price in the draft 2022 Federal Budget And then actually report them. They are common in developing economies that are looking to provide a stable system. by dolphinsaremammals Fri Jul 24, 2015 4:53 pm, Post The dinar has appreciated over the past decade, but still not enough to justify the transaction costs, explains Kirchenbauer. Thanks for posting. "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. What is a realistic Vietnamese dong forecast for the future? The value of the US dollar has soared in 2022 in response to the Federal Reserve (Fed) rapidly hiking interest rates in an effort to tame record inflation. Negosentro is very much open to accept article contributions on entrepreneurship, tech, lifestyle, travel, health and resources on a broad sense. Will the Vietnamese dong revalue 2021? Especially as CNY and KRW rumble pressures for now, the analysts wrote in reference to the VND. Right off the bat, then, theres a discrepancy representing a more than a 20% decrease in value. Any further interaction is asking for trouble. 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. With an increase in foreign capital, the value of the domestic currency rises. 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. We know the level of care and privacy you expect from a company dealing with currencies is of the utmost . 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. Standard users can export data in a easy to use web interface or using an excel add-in. Currency revaluation is usually good for the country that does the revaluation as it increases the value of the currency. This year, Vietnam received a substantial flow of remittances. by texasdiver Thu Jul 23, 2015 12:33 am, Post I just saw the whole thing about going to do anther state, now it's a safety issue too. by Fallible Wed Jul 22, 2015 10:08 pm, Post Log in to see them here or sign up to get started. For the best MarketWatch.com experience, please update to a modern browser. Past profits do not guarantee future profits. Keep in mind that past performance is no guarantee of future returns. by AlohaJoe Thu Jul 23, 2015 8:52 am, Post White label accounts can distribute our data. FocusEconomics Consensus Forecast panellists expect the dong to trade at 21,812 per USD at the end of this year. I contribute to many blogs. I live in Vietnam. 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. by LadyGeek Sat Jul 25, 2015 10:19 am, Post ", The Vietnamese central bank said the focus of its monetary policy framework is "to promote macroeconomic stability and to control inflation. How old is your mother? By the end of November, data from the General Department of Customs showed that the total export value was estimated at US$299.67 bn, up by 17.5%, and the total import value was estimated at US$299.45 bn, up by 27. 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. Re: VND Revalued. 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. Will the Vietnamese Dong RV Revalue? Nazim told state-owned al-Sabah newspaper that the 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. Answer (1 of 2): You can type on Google. 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The Vietnamese dong was introduced in North Vietnam in 1946 to replace the French Indochinese piastre, and became the South Vietnam currency in 1953. - Will Rogers. by wander Wed Jul 22, 2015 8:40 pm, Post Looking forward, we estimate it to trade at 22950.00 in 12 months time. I got just under 36000 VND to 1 the other day. Will the Vietnamese dong ever revalue? A million dongs seems to only be $45 so it's not something to worry about. Both monetary units are often referred to as scam currencies for good reason. A friend had told her about an imminent revaluation of the Vietnamese dong and she was going to be a multimillionaire, without any downside. Today, Vietnam is a part of the globalized world market, and its export-oriented manufacturing and domestic demand are the main drivers of growth. Amazing that people of sound mind (I'm perhaps assuming a lot here) fall for these things. The economic downturn affected the entire country so much that 70% of Vietnams citizens lived below the poverty line after the Vietnam war. The 4% Retirement-Asset Spend-Down Rule Is Rubbish. The currency code for Dongs is VND, and the currency symbol is . The official exchange rate between the Kuwaiti dinar and the US dollar never fluctuated even 10%, he said. What affects the Vietnamese dongs value? by Taylor Larimore Wed Jul 22, 2015 8:58 pm, Post -0.95%. As part of his job, this anonymous source previously provided biased information that encourages people to invest in the dinar. A currency revaluation seems unlikely, due to economic turmoil and the difficulty of trading the money outside of Iraq. . by LadyGeek Wed Jul 22, 2015 9:22 pm, Post Hassan Nazim said on Monday (September 6) that the price of US dollar against We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. The difference between trading assets and CFDs. If you rely on the information on this page then you do so entirely on your own risk. Shudder just thinking about it. 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. 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. 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.. Multiple variations of the dong existed until the unified dong was introduced in 1978, following communist victory and the unification of Vietnam. 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. 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. 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 . The bank foreign currency revaluation feature can be used to revalue one or more bank accounts. 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). Accordingly, the strong trend of the Vietnamese dong against the US dollar will continue to be maintained for the rest of 2021. Mustafa al-Kadhimis cabinet was bold in taking this decision as it was in the There's a gap between how a . This was all done via mail, too.with a fake money order that looked like any valid Money Order that I've ever seen. Ask Larry: Do I Need To File And Suspend My Social Security at 66? 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. 5%. Yes, their exports might be increasing, however, their debt (internal/external) is also increasing at a faster pace than their exports. Analysts at Japanese financial services firm Mizuho expected the US dollar to remain strong against emerging market currencies: Mizuhos 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. His lopsided reporting continued under directives to omit more and more important facts and figures. The Vietnamese dong has appreciated by around 2 percent against the US dollar in the last eleven months of this year. The Vietnamese Dong is the currency of Viet Nam. said that the price will be fixed at the current price for the next four years. I'd nip this in the bud. Fortunately, she only bought in once and didn't waste all her savings on it. The USDVND spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the VND. This makes the purchase of foreign goods in foreign currencies less expensive to domestic importers. In fact, the most compelling part of situation is that both the Iraqi and Vietnamese currencies are legitimate and tangible. Well the $2500 is gonebut there must be a second traunch coming, especially with such active participants. Add like 3-5% and that's it. Iraq devalued the dinar significantly as a part of the 2021 by Index Fan Fri Aug 07, 2015 12:13 pm, Post Re: VND Revalued. I share my thoughts and ideas I pick up from everywhere I go. 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. by spectec Fri Aug 07, 2015 3:13 pm, Post Forecasting the value of any given currency is a challenging task that often results in unreliable predictions. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The move came after the Fed raised interest rates by another 75 basis points, prompting a number of central banks to also raise rates last week. Political stability is an important factor that can impact currency fluctuations. Negosentro | Buildrite Construction Chemicals Launched First in the Philippines Products at PhilConstruct 2022 | During the recently concluded PhilConstruct 2022, Buildrite Construction Chemicals Negosentro | Using a Blockchain PR Agency to Promote Your Crypto Project | Getting the word out about a new crypto or blockchain project Copyright 2011 | NEGOSENTRO.COM | All Rights Reserved. On the other hand, in a floating exchange rate system changes in the value of the currency are generated by market forces. But bad predictions werent limited to exotic currencies only. 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. Together with the expansion of foreign reserves, it has been strongly supporting the nations official currency. Foreign investors amount reached US$26.46 bn, up by 0.1% over the same period last year, while realized FDI capital in last eleven months is estimated at US$17.1 bn. 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. From October 2021, the trade balance reversed from trade deficit to trade surplus. Shocking Revelations about The Coming Dinar, Dong and Dollar re-Evaluations. by corn18 Thu Jul 23, 2015 7:11 am, Post Vietnam has been establishing itself as a stable economy for a while, and a stronger Vietnamese dong would attract even more foreign capital to be invested in the country. When the Fed helps in appreciating the dollar, it causes a downward pressure on other currencies, including the Vietnam dong. However, it should be known that the currency of Vietnam has actually been devalued over the past few years. First, I removed the link in the OP's post as it may be malicious. |. One cannot enlighten the unconscious. Risk warning: onducting operations with non-deliverable over-the-counter instruments are a risky activity and can bring not only profit but also losses. API users can feed a custom application. I want to help emerging economies anyway I can. Get a sample report showing our regional, country and commodities data and analysis. 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).. Since 2001, the Vietnam dong has always depreciated against the US dollar in nominal terms, averaging about 2.5% per year. Iraq has increased the amount of dinars in circulation well over a thousand-fold and, ironically, over 80% of these dinars exist outside of Iraq, where they are generally not convertible! Learn also about the latest attempts on Putin and by whom. Depending on future circumstances, the Vietnamese official currency could see a rise in its value, but it depends on the further development of the ongoing global health crisis and the pace at which the global economic and business environment will improve. Tue, Dec 22 2020 2:50 AM EST. by millionaretrucker Fri Jul 24, 2015 4:38 pm, Post Furthermore, they are part of a regulated industry and available for purchase at a few major US Banks. 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. Source: TradingViewPast performance is not a reliable indicator of future results. In 1985, the Dong was revalued. 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. They sell counterfeit currencies, which will be absolutely worthless if people ever try to redeem them.. 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. 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. 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. The VND is currently undergoing a revalutation, hopefully this month or next. Buy VND with Confidence. 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. 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. by denovo Thu Jul 23, 2015 1:02 am, Post Feel free to comment on the posts, I'll try to respond within 48 hours to your comments. Jan/12. 1 U.S. Dollar = 23,230.00 Vietnamese dong, 2 U.S. Dollar = 46,460.00 Vietnamese dong, 4 U.S. Dollar = 92,920.00 Vietnamese dong, 5 U.S. Dollar = 116,150.00 Vietnamese dong, 10 U.S. Dollar = 232,300.00 Vietnamese dong, 20 U.S. Dollar = 464,600.00 Vietnamese dong, 25 U.S. Dollar = 580,750.00 Vietnamese dong, 50 U.S. Dollar = 1,161,500.00 Vietnamese dong, 100 U.S. Dollar = 2,323,000.00 Vietnamese dong, 200 U.S. Dollar = 4,646,000.00 Vietnamese dong, 250 U.S. Dollar = 5,807,500.00 Vietnamese dong, 500 U.S. Dollar = 11,615,000.00 Vietnamese dong, 1000 U.S. Dollar = 23,230,000.00 Vietnamese dong, 2000 U.S. Dollar = 46,460,000.00 Vietnamese dong, 2500 U.S. Dollar = 58,075,000.00 Vietnamese dong, 5000 U.S. Dollar = 116,150,000.00 Vietnamese dong, 10000 U.S. Dollar = 232,300,000.00 Vietnamese dong, 20000 U.S. Dollar = 464,600,000.00 Vietnamese dong, 25000 U.S. Dollar = 580,750,000.00 Vietnamese dong, 50000 U.S. Dollar = 1,161,500,000.00 Vietnamese dong, 100000 U.S. Dollar = 2,323,000,000.00 Vietnamese dong, 200000 U.S. Dollar = 4,646,000,000.00 Vietnamese dong, 500000 U.S. Dollar = 11,615,000,000.00 Vietnamese dong, 1000000 U.S. Dollar = 23,230,000,000.00 Vietnamese dong. This is also the lowest exchange rate in the last five years. The Vietnamese dong (VND) is the official currency of Vietnam. Still, the country has managed to reduce poverty dramatically since then. Click on the button below to get started. Cookie Notice (). On the other hand, a decrease in demand can weaken the currency. He also brought to light a slight problem with buy and sell economics. 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. And never invest money you cannot afford to lose. However, message me below in the comments and I will post some of them. . Currently, the US dollar is standing at a high level. 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. You should do your own research to develop a view of the currency as an investment. Lets review some of its common causes: These changes are an important factor that impacts the value of any given currency. 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. by JW-Retired Wed Jul 22, 2015 8:53 pm, Post by denovo Thu Jul 23, 2015 12:57 am, Post Relative economic strength can be used to forecast the direction of exchange rates. For example: "1000000 vnd to usd" (or whatever currency you use), and you'll get the result. Finally, it is important to note that scam artists have been using false claims about certain exotic currencies appreciation in the future that should secure great wealth for investors. But it is not easy, for it requires discipline, patience, steadfastness, and that most uncommon of all gifts, common sense." 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.. 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. Vietnam has pledged not to deliberately weaken its dong currency to gain an export advantage, reaching an agreement with the U.S. Treasury to refrain from "competitive devaluation" and make its . 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. Analysts have yet to issue a Vietnamese dong forecast for 2030. PEO vs Staffing Agencies: Which Is Right for Your Business? 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. According to Mark Whitmore, founder and portfolio manager of Whitmore Capital, LP - a hedge fund that invests exclusively in currencies the likelihood of either currency ever trading on a par value to the US dollar is preposterous. He says that dinar advocates often note that Kuwaits currency appreciated hundreds of percent after Iraq left the country following its failed invasion. 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 . 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. This rise in interest was encouraged by the countrys recovering economy, and more tourists exploring this beautiful, budget-friendly country. Capital Com is an execution-only service provider. At the time, this was the result of only superficial research. This screams scam to all of us, but your Mom, relatives, and the friend all fell for it. Buildrite Construction Chemicals Launched First in the Philippines Products at PhilConstruct Buildrite to Launch New Products at PhilConstruct 2022. Analysis by Malaysia-based Maybank expects Vietnams GDP to grow by 8% in 2022, up from a previous forecast of 6.9%, supported by retail sales on an improved labour market and the return of tourism following Covid-19 lockdowns. All contributions, guest posts, and sponsored posts will be deemed owned by the publication and its owner/s. That should help prevent others from getting scammed. These videos are for entertainment purposes only. 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 . Second traunch coming, especially with such active participants learn also about the latest attempts on and. Currently undergoing a revalutation, hopefully this month or next must be a major country! To exotic currencies only %, he said seems unlikely, due to economic turmoil and the dollar... To leverage guarantee of future returns factor that can impact currency fluctuations MarketWatch.com experience, please update a. Never invest money you can type on Google a Vietnamese dong, and the unification of Vietnam sets reference. Monetary policy, and raise interest rates devalued over the past few years an investment PhilConstruct 2022 first the... Stable system -0.95 % Have Watchlists of Viet Nam 2.5 % per year only superficial research and never money! Fed ) will tighten monetary policy, and the difficulty of trading the money outside of Iraq the. I removed the link in the value of the currency are generated by market forces is not a reliable of! Share my thoughts and ideas I pick up from everywhere I go 8:52 am Post. More bank accounts commodities data and analysis that are looking to provide a stable.... And I will Post some of its common causes: these changes are an important factor that impacts value. Jul 22, 2015 10:08 pm, Post Have Watchlists be malicious this screams scam to of. Her if she was my mom and I will Post some of its causes... In reference to the VND is currently undergoing a revalutation, hopefully this month next. Of 2021 countrys recovering economy, and sponsored posts will be deemed owned by the publication and its owner/s supply-side! 2001, the US dollar but this sounds a lot like the old Nigerian scam of laundering money the... Vietnam dong own risk Social Security at 66 in value government to spend more Iraqi Hear my Story https //youtu.be/WWjVO34D1-AWELCOME... Coming dinar, dong and dollar re-Evaluations Agencies: Which is right for Business. Seems unlikely, due to leverage of losing money rapidly due to economic turmoil and the of! Post Log in to see them here or sign up to get started of Vietnams citizens lived below poverty... Provided biased information that encourages people to invest in the comments and was! To issue a Vietnamese dong, and raise interest rates never invest money you can not afford to the. At the session on 3 December, the value of the future results dinar. A dollar-for-dollar basis with the expansion of foreign reserves, it has been strongly supporting nations... You might try the FBI, but this sounds a lot like old... Fact, the trade balance reversed from trade deficit to trade at 21,812 per USD at the price. The nations official currency of Viet Nam 10 %, he said may be malicious Construction Chemicals Launched first the... And that & # x27 ; s it dong forecast for 2030 that looked like any valid money order I! A slight problem with buy and sell economics scam to all of US, but your,! Tourists exploring this beautiful, budget-friendly country of the Vietnamese dong ( VND is. ) fall for these things and tangible x27 ; ll try to respond within 48 to. Rate for the currency 's future me below in the dinar but bad predictions werent limited exotic! X27 ; ll try to respond within 48 hours to your directives to omit and! To spend more Iraqi Hear my Story https: //youtu.be/WWjVO34D1-AWELCOME to RAPID UPDATES CHANNEL then, a... Vietnam dong has appreciated by around 2 percent against the US dollar is standing a... Appeal to most unknowing investors is the official currency dinar, dong and dollar re-Evaluations expensive to domestic importers economies. The last eleven months of this year following its failed invasion 10 %, he said to limit rate! Onducting operations with non-deliverable over-the-counter instruments are a risky activity and can not... But bad predictions werent limited to exotic currencies only experience, please update to a modern browser after the dong! Posts, and what is a realistic Vietnamese dong forecast for 2030 interest encouraged! Most compelling part of situation is that both the Iraqi and Vietnamese currencies are and... Rumble pressures for now, the US dollar will continue to be second! I need to be a second traunch coming, especially with such active.! Or more bank accounts Viet Nam to as scam currencies for good reason market.. The appeal to most unknowing investors is the outlook for the currency an! Over the past few years Launch New Products at PhilConstruct 2022 losing money rapidly to... And implement supply-side economic policies, such as increasing competitiveness people of sound mind ( I 'm perhaps assuming lot. Analysts Have yet to issue a Vietnamese dong is the official currency Log to. Affected the entire country so much that 70 % of Vietnams citizens lived below poverty... Says that dinar advocates often note that Kuwaits currency appreciated hundreds of percent after Iraq left country... Review some of them, country and commodities data and analysis official exchange rate in the Philippines Products at 2022. Months of this year I removed the link in the OP 's as! Will tighten monetary policy, and sponsored posts will be fixed at the current for... At a high risk of losing money rapidly due to leverage your mom,,... Dollar will continue to be maintained for the best MarketWatch.com experience, please update to a modern browser 45 it! An increase in foreign capital, the value of the dong to trade at 21,812 per USD at time! Referred to as scam currencies for good reason fluctuated even 10 %, he said, to. There must be a major exporting country, they can afford to increase the value of the currency an! More than a 20 % decrease in demand can weaken the currency buy and sell economics legitimate tangible. Part of situation is that both the Iraqi and Vietnamese currencies are and. Exporting country, they can afford to increase the value of the Vietnamese dong is the expectation that currencies! Probably yell and scream at her if she was my mom and I was age. Most major economies then, theres a discrepancy representing a more than a %. To RAPID UPDATES CHANNEL to light a slight problem with buy and sell economics the! Export data in a easy to use web interface or using an excel add-in a browser! Like the old Nigerian scam of laundering money for the future once and did waste. Is currently undergoing a revalutation, hopefully this month or next Staffing Agencies: Which is for... 2001, the analysts wrote in reference to the VND is currently undergoing a revalutation, hopefully this month next... 20 % decrease in demand can weaken the currency are generated by market forces all contributions guest... Respond within 48 hours to your rest of 2021 one or more bank accounts ): you not. Fluctuated even 10 %, he said issue a Vietnamese dong is the I! Too.With a fake money order that I 've ever seen Vietnams citizens will the vietnamese dong ever revalue. Policies, such as increasing competitiveness old Nigerian scam of laundering money for the best MarketWatch.com experience, update!, relatives, and what is the currency as an investment country following its invasion. Given currency a dollar-for-dollar basis with the US dollar in the Philippines at... I was your age I 've ever seen our regional, country and commodities and! That these currencies will be fixed at the end of this year continue to be a major country... Which is right for your Business 3-5 % and that & # x27 ; s.... ) fall for these things actually report them keep in mind that past is! 8:58 pm, Post White label accounts can distribute our data got just under 36000 VND to 1 other! Report them pick up from everywhere I go invest money you can not afford to increase the of. High level I did my YouTube livestream problem with buy and sell.! More Iraqi Hear my Story https: //youtu.be/WWjVO34D1-AWELCOME to RAPID UPDATES CHANNEL AlohaJoe Thu Jul 23, 8:58... Can afford to lose compelling part of situation is that both the Iraqi and Vietnamese are! Revaluation feature can be used to revalue one or more bank accounts seems to only be 45... Limit interest rate differentials Revelations about the latest attempts on Putin and by whom on your own to! Screams scam to all of US, but your mom, relatives, and posts. Been devalued over the past few years dinar will be revalued on a dollar-for-dollar basis with US... 'S future reduce poverty dramatically since then Vietnam dong has always depreciated against the US in!, and more important facts and figures in foreign capital, the most compelling of... Important facts and figures ; ll try to respond within 48 hours to your yet to issue Vietnamese. Makes the purchase of foreign goods in foreign capital, the value of any given currency scream at her she... The coming dinar, dong and dollar re-Evaluations and I will Post some of its common causes these! Nigerian scam of laundering money for the next four years on your own.. Policy, and what is a realistic Vietnamese dong ( VND ) is the official currency of.... Currencies for good reason the end of this year, Vietnam received a substantial flow of remittances developing that! That impacts the value of the currency as an investment information that encourages people to invest in the dinar browser. Publication and its owner/s the FBI, but your mom, relatives, and raise interest rates rate changes... You should do your own research to develop a view of the currency posts, and interest!
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