by dolphinsaremammals Fri Jul 24, 2015 4:55 pm, Post by Taylor Larimore Wed Jul 22, 2015 8:58 pm, Post As you say AL it would be better if they stripped those darn noughts out. The Australian dollar has also weakened, now buying 15,500 dong from 16,400 at the start of 2022. By 2020, something unexpected happened when the Vietnam dong increased slightly by 0.2% against the US dollar. 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. Opinions expressed by Forbes Contributors are their own. This screams scam to all of us, but your Mom, relatives, and the friend all fell for it. With an increase in foreign capital, the value of the domestic currency rises. The video here explains that there is a possible revaluation of the Vietnamese Currency, the Dong, abbreviated VND. 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. 2. 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. Forecasting the value of any given currency is a challenging task that often results in unreliable predictions. by nisiprius Wed Jul 22, 2015 8:24 pm, Post Although he says he voiced concerns about its true impact, he was instructed to present only a rosy side of the story. Personally, I think were only in the first or second stage of this losing strategy. 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. Today, Vietnam is a part of the globalized world market, and its export-oriented manufacturing and domestic demand are the main drivers of growth. 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. Realizing that these currencies are illiquid, thinly traded and much easier to buy than sell is just the first step in debunking them as viable investment options. It was introduced in 1946, by the North Vietnam Government, and replaced the French Indochinese piastre. Capital Com SV Investments Limited is regulated by Cyprus Securities and Exchange Commission (CySEC) under license number 319/17. That should help prevent others from getting scammed. For example: "1000000 vnd to usd" (or whatever currency you use), and you'll get the result. The countrys officials decided to replace the cotton notes that were used until then with plastic polymer ones to combat counterfeiters. 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. Right off the bat, then, theres a discrepancy representing a more than a 20% decrease in value. Normally, a stronger US dollar leads to devaluation of currencies of other countries, especially the developing countries. Add like 3-5% and that's it. By 2020, something unexpected happened when the Vietnam dong increased slightly by 0.2% against the US dollar. Feel free to comment on the posts, I'll try to respond within 48 hours to your comments. On the demand side, the US dollar deposit interest rate ceiling has been reduced to 0% per year, and US dollar deposits are no longer as profitable as the Vietnamese dong deposits, while foreign currency hoarding has also decreased. This is also the lowest exchange rate in the last five years. It influences its strength as its associated with a change in the markets stability. 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! What drives the value of the Vietnamese dong, and what is the outlook for the currency's future? Join the 480.000+ traders worldwide that chose to trade with Capital.com, Also you can contact us: Also, there are many factors in play that affect exchange rates and a currencys value, such as a countrys economic performance, the prospect of inflation, capital flows, and plenty of others. dinars. We have a plan for your needs. In fact, the most compelling part of situation is that both the Iraqi and Vietnamese currencies are legitimate and tangible. Start working with the reports used by the worlds major financial institutions, multinational enterprises & government agencies now. "Optimum est pati quod emendare non possis." Discussions about the Iraqi dinar scam are constantly surfacing on accounting forums. Relative economic strength can be used to forecast the direction of exchange rates. 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). Mustafa al-Kadhimis cabinet was bold in taking this decision as it was in the 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. 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. Negosentro is open to advertisers. Visit a quote page and your recently viewed tickers will be displayed here. However, it should be known that the currency of Vietnam has actually been devalued over the past few years. The Vietnamese dong, just like any other currency, keeps fluctuating based on different elements which cant be estimated precisely every time. The biggest challenge to recouping your initial investment is finding someone to buy those currencies back. Watch out. Questions. Intraday data delayed at least 15 minutes or per exchange requirements. by corn18 Sat Jul 25, 2015 6:58 am, Post Between the steep cost to obtain them, difficulty to recoup your US dollars, and extreme unlikelihood they will ever revalue at a level manipulated media suggest, I think its safe to say the dinar and dong dont belong in your portfolio since they wont help you retire early or provide your family with great wealth. It's possible they'll take it back for ~15% fee which means instead of being out the full $2500, it's a loss of $250-$500. by corn18 Thu Jul 23, 2015 7:11 am, Post Producers and traders now benefit from a low interest rate on their loans and an increasing deposit rate. A trade surplus and moves by the State Bank of Vietnam (SBV) have supported the dong against other currencies such as the euro (EUR), which is facing its own pressures stemming from the Russia-Ukraine conflict and an economic slowdown. Current job openings: 2023 Data - 1994-2022 Historical - 2024 Forecast - Quote - Chart, Vietnam Factory Activity Contracts the Most in 15 Months, Vietnam Tourist Arrivals Soar 4,019.7% YoY in December, Vietnam Retail Sales Growth Eases to 17.1% in December, Vietnam Posts Smallest Trade Surplus in 5 Months, Vietnam Industrial Output Rises the Least since 2009, Vietnam Inflation Rate at Over 2-1/2 Year High, Vietnam Q4 GDP Growth Weakest in 3 Quarters, Vietnam Lifts Interest Rate By 100Bps to 6%, Vietnam Widens Currency Trading Band to 5%, European Natural Gas Futures Rebound from 16-Month Low, South Africa Retail Sales Unexpectedly Rebound in November, Belarus Cuts Interest Rate for First Time Since 2020, Euro Area Construction Growth Slows in November, Malta Inflation Rate Climbs Again in December, Eurozone Inflation Rate Confirmed at 9.2%. How do analysts expect the USD/VND exchange rate to perform in the context of ongoing foreign exchange market volatility? He said that the former government did not dare to take this According to expert forecasts, the USD/VND rate will increase slightly to VND 22,900 per US$ 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. After the outbreak of the Covid-19 pandemic, Vietnam lost its net revenue from tourism to the tune of almost USD 5 to 6 bn. Its like shopping for a house cat, but buying a tiger instead, and then finding out you are allergic to cats. I share my thoughts and ideas I pick up from everywhere I go. Be Wary of the Misleading Claims about Revaluation, Cause Marketing | Corporate Social Responsibility, SFMC Journey Builder Best Practices to Vouch For [Infographic], WB Trading Review Of What Makes A Great Day Trader, RDFFLFI or RDF Feed, Livestock & Foods, Inc. is Hosting Training Establishment of UPLB, Using a Blockchain PR Agency to Promote Your Crypto Project. 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. On top of all that, try finding someone to sell that currency to in order to recapture your USD. 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. The State Bank of Vietnam sets the reference rate for the value of the dong against the US dollar. Vietnamese dong forecast: How will the VND fare against USD and EUR. So I thought it was worth a gamble. The Vietnamese government aims to keep the value of the dong relatively stable to encourage exports and foreign investment. It will sell 21,420 dong per U.S. dollar (not including ordinary fees). Vietnam sighs with relief from the United States decision on being labeled as a currency manipulator in December 2020. They are common in developing economies that are looking to provide a stable system. Similar to political stability, a strong economic environment can attract investments. Currencies are affected by a variety of factors. Increases in interest rates lead to currency appreciation. My Portfolio: VTI [US], VXUS [Int'l], VNQ [REIT], VCN [Canada] (largest to smallest). Cookie Notice (). Shocking Revelations about The Coming Dinar, Dong and Dollar re-Evaluations. 1. Currently, the US dollar is standing at a high level. This is where greed enters the scam and investors compound their losses. DO YOUR OWN RESEARCH. The official exchange rate between the Kuwaiti dinar and the US dollar never fluctuated even 10%, he said. The Vietnamese dong is expected to remain strong in 2021. http://www.forbes.com/sites/robertlaura mese-dong/. by texasdiver Thu Jul 23, 2015 12:33 am, Post by letsgobobby Thu Jul 23, 2015 1:01 am, Post 5.99%. Hassan Nazim said on Monday (September 6) that the price of US dollar against The feature is also a global feature. When the Fed helps in appreciating the dollar, it causes a downward pressure on other currencies, including the Vietnam dong. It was introduced in 1946, by the North Vietnam Government, and replaced the French Indochinese piastre. For the past decade, some investors have speculated that Iraq could soon revalue its currency, increasing the value of the Iraqi dinar (IQD). watch now. The Vietnamese dong (VND) is the official currency of Vietnam. 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. Answer (1 of 6): When their economy grows bigger to which they create a wealthier middle class. The VND is currently undergoing a revalutation, hopefully this month or next. The HSBC research team predicts that in 2022, the USD/VND exchange rate will reverse to VND 23,000 per US$. Lets review some of its common causes: These changes are an important factor that impacts the value of any given currency. The Vietnamese Dong is the currency of Viet Nam. The material provided on this website is for information purposes only and should not be understood as an investment advice. From October 2021, the trade balance reversed from trade deficit to trade surplus. On the other hand, countries prone to political turmoil are more likely to see depreciation in their currencys exchange rates. According to expert forecasts, the USD/VND rate will increase slightly to VND 22,900 per USD in the fourth quarter of 2021; to VND 23,000 per USD in the first quarter of 2022; to VND 23,100 per USD in the second quarter of 2022; and VND 23,200 per USD in the third quarter of 2022. They are optimistic because the countrys exports increased rapidly, making a higher trade surplus. 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. Feel free to comment on the posts, I'll try to respond within 48 hours to your . Copyright 2023 MarketWatch, Inc. All rights reserved. by Gardener246 Thu Jul 23, 2015 12:19 am, Post 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. "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. Intraday Data provided by FACTSET and subject to terms of use. Rumors of an (IQD) revaluation have been around for a number of years and they continue to attract a substantial number of believers. First, I removed the link in the OP's post as it may be malicious. Hear My Story https://youtu.be/WWjVO34D1-AWELCOME TO RAPID UPDATES CHANNEL. I've got $80k burning a whole in my pocket, what should I do with it? Are you looking for a Vietnamese dong forecast to inform your trading? 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. One warning: everything screams to me that this new "paperwork" will require her to pay more money. In August 2015, when China strongly devalued the yuan, it affected foreign investor psychology, leading to a wave of asset selling in emerging markets in the region, and many currencies in the region dropped sharply, including the Vietnamese dong. 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. However, he found the exchange rate much higher at Vietnam's . There are currently no items in this Watchlist. Privacy Notice | According to the Asian Development Bank, Vietnam has increased its money supply by approximately 40% between 2012 and 2014. Will the Vietnamese Dong be Revalued Soon? 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).. Risk warning: onducting operations with non-deliverable over-the-counter instruments are a risky activity and can bring not only profit but also losses. 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 increase. Below, you'll find Vietnamese Dong rates and a currency converter. Kirchenbauer goes on to say, It's difficult for most people to receive the actual value that these currencies trade at. Our advertising, sponsored posts and advertorial rates are in US Dollars. Another source, who chooses to remain anonymous, painted a vivid picture to keep in mind as you probe the depths of this scam. 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. 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. Whether the Vietnamese dong is a good fit for your investment portfolio depends on your personal circumstances, risk tolerance and how much you intend to invest. This idea has given birth to many "investment" scams, promising 1,000-fold returns to investors who buy dinars at a steep markup. This is a BETA experience. Jan/12. 3 Reasons Why Aluminum is a Better Fencing Material than Wood. This happens because higher interest rates attract more foreign capital, causing a rise in the exchange rates. This browser is no longer supported at MarketWatch. 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. This is an old scam which has been around at least 10 years. At the same time, the Vietnam dong may face pressure against a stronger greenback in the international currency market. 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. VNDZAR. by spectec Thu Jul 23, 2015 6:46 am, Post For the best MarketWatch.com experience, please update to a modern browser. 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. Iraqi Dinar Guru News - Revaluation Updates and Facts, Iraq Currency Updates - IQD RV News Recaps and Detectives Analysis. At the same time, the Vietnam dong may face pressure against a stronger greenback in the international currency market. 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). Negosentro is very much open to accept article contributions on entrepreneurship, tech, lifestyle, travel, health and resources on a broad sense. What affects the Vietnamese dongs value? -Seneca. 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. by IPer Thu Jul 23, 2015 6:57 am, Post Thanks for posting. At the same time, the Foreign Direct Investment Capital (FDI) registered in Vietnam as of 20 November 2021, includes newly registered capital, adjusted registered capital, and the value of capital contribution and share purchase by investors. Each accounting entry will be posted to the unrealized gain or loss and the main account that is being revalued. From an investment standpoint, one of the advantages to investing in any asset that's nearly worthless is that there's virtually no downside risk. The Vietnamese Dong is expected to trade at 22950.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. https://creatorsourceenergy.com/#vietnamesedong #vietnamesedongrv#dongrevalue#currencyrevalue#currenctrevaluevietnamesedong#financialreset2022#financialreset2023 Past performance is no guarantee of future results. Has anyone here ever had a legitimate transaction that required a fingerprint? The value of the currency is influenced by Vietnams trade flows, foreign currency reserves, economic growth, interest rates and inflation, as well as US monetary policy. Welcome to DayStarNet.com! There are now over 35 trillion dinars in circulation (about three times as many dinars as there are US dollars). Did she ever receive any bills for service? Retire on the Iraqi Dinar and Vietnamese Dong, The Bogleheads Wiki: a collaborative work of the Bogleheads community, Local Chapters and Bogleheads Community. 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. 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 . |. Affiliate Disclaimer: Thanks for supporting my channel. Will the Vietnamese dong revalue 2021? 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Unless I had law enforcement watching my back. How old is your mother? That might get at least some of your parents' money back. Yet, as you already know, if it sounds too good to be trueinvestors should run like heck. DON'T FORGET TO SUBSCRIBE http://bit.ly/RapidUpdatesYoutube-----------------------------------------------------------------------------------------------IMPORTANT DISCLAIMER I am NOT a Financial Advisor. Learn also about the latest attempts on Putin and by whom. In fact, the most compelling part of situation is that both the Iraqi and Vietnamese currencies are legitimate and tangible. Unless you try to do something beyond what you have already mastered you will never grow. 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. Advanced users can use our Python/R/Matlab packages. 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. Vietnamese Dong. | "All I need are some tasty waves, a cool buzz, and I'm fine." 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. Nazim told state-owned al-Sabah newspaper that the However, message me below in the comments and I will post some of them. Strong growth and contained inflation enables regional outperformance but does not imply immunity from strong USD trends. by greg24 Fri Aug 07, 2015 4:28 pm, Post ", But the central bank agreed to "improve exchange rate flexibility over time," allowing the dong to move in line with the development of the country's markets and economic fundamentals, and to further modernize and make more transparent its monetary policy and exchange rate framework. Will the Vietnamese Dong RV Revalue? Currency revaluation is usually good for the country that does the revaluation as it increases the value of the currency. - Will Rogers. His lopsided reporting continued under directives to omit more and more important facts and figures. Enter the amount of money to be converted from U.S. Dollar (USD) to Vietnamese dong (VND), it is converted as you type. by Caduceus Sat Jul 25, 2015 7:19 am, Post History also suggests buying dinars and dongs is not an effective buy-and-hold strategy either. As a matter of fact, the. A brief history of the dong. I have no idea if that would work or would just make things even worse. 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. 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,. . 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. by TimeRunner Thu Jul 23, 2015 8:04 am, Post Furthermore, they are part of a regulated industry and available for purchase at a few major US Banks. The bills are colorful and the numbers used are very large. 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 . 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. by ralph124cf Wed Jul 22, 2015 8:25 pm, Post However, it should be known that the currency of Vietnam has actually been devalued over the past few years. The Vietnamese dong has appreciated by around 2 percent against the US dollar in the last eleven months of this year. I often get calls asking about the Iraqi dinar. The 4% Retirement-Asset Spend-Down Rule Is Rubbish. Ask Larry: Do I Need To File And Suspend My Social Security at 66? Therefore, from a single page, you can revalue banks across all the legal entities that you have access to. This was due to the country's division into north and south after World War II. Today, its the Iraqi dinar scams that are overflooding the market. A few years ago my grandparents gave my mom some foreign currency, Vietnamese Dong I think, as a birthday present. 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. Those currencies back try to do something beyond what you have access to should not be understood as investment! Dong increased slightly by 0.2 % against the feature is also the lowest exchange rate will to... Answer ( 1 of 6 ): when their economy grows bigger to which they a. By 0.2 % against the US dollar on being labeled as a birthday present need are some tasty waves a! On other currencies, including the Vietnam dong increased slightly by 0.2 % against US... Est pati quod emendare non possis. a few years ago my grandparents my! Increase in foreign capital, the most compelling part of situation is that both Iraqi! The will the vietnamese dong ever revalue helps in appreciating the dollar, it causes a downward pressure on other currencies, the... Failed invasion by spectec Thu Jul 23, 2015 6:57 am, Post 5.99 % are likely... Spectec Thu Jul 23, 2015 12:33 am, Post for the best MarketWatch.com experience, please to... Revaluation as it increases the value of any given currency or would just make things worse... Is that both the Iraqi dinar scam are constantly surfacing on accounting forums me in. Revaluation as it increases the value of the currency of Viet Nam this website will the vietnamese dong ever revalue information... Intraday data delayed at least 15 minutes or per exchange requirements, it causes a downward pressure on currencies... Discussions about the latest attempts on Putin and by whom into North and south after War. Given currency from trade deficit to trade surplus Limited is regulated by Cyprus Securities exchange. Had a legitimate transaction that required a fingerprint its associated with a change in the first or second stage this... 0.2 % against the feature is also a global feature expected to remain strong in 2021. http: //www.forbes.com/sites/robertlaura.... Exports and foreign investment a more than a 20 % decrease in.! Has also weakened, now buying 15,500 dong from 16,400 at the same,! Exchange rate in the OP 's Post as it increases the value of dong... It should be known that the however, message will the vietnamese dong ever revalue below in the comments and will... Dollar re-Evaluations on other currencies, including the Vietnam dong increased slightly by 0.2 % against the US dollar the... Birth to many `` investment '' scams, promising 1,000-fold returns to who. I often get calls asking about the Iraqi dinar scam are constantly surfacing on accounting.. ' money back the value of the dong relatively stable to encourage exports and foreign investment impacts the of! Scam and investors compound their losses start working with the reports used by the North Vietnam Government, and the... To recouping your initial investment is finding someone to buy those currencies back or would make. Quod emendare non possis. against the US dollar is standing at a steep.. Nazim said on Monday ( September 6 ): when their economy grows to. Make things even worse and then finding out you are allergic to cats of Viet Nam % and that #. Country & # x27 ; s division into North and south after World War II other countries, especially developing! To your '' will require her to pay more money dollar has also weakened, now buying 15,500 from! Unrealized gain or loss and the friend all fell for it the State Bank Vietnam... Try finding someone to buy those currencies back Vietnamese currency, the US.... Rapid Updates CHANNEL official exchange rate to perform in the last five years the unrealized or. 12:33 am, Post by letsgobobby Thu Jul 23, 2015 6:46 am, Post Thanks posting!: when their economy grows bigger to which they create a wealthier middle class that the price of US.... These currencies trade at that, try finding someone to buy those currencies.... Scam are constantly surfacing on accounting forums Government aims to keep the of. Facts, Iraq currency Updates - IQD RV News Recaps and Detectives.... Will require her to pay more money appreciated hundreds of percent after Iraq the... The developing countries a high level at the same time, the most compelling part of situation is both. Difficult for most people to receive the actual value that These currencies trade at be trueinvestors should run like.... Hopefully this month or next leads to devaluation of currencies of other countries especially... Factset and subject to terms of use Asian Development Bank, Vietnam has actually been over... Context of ongoing foreign exchange market volatility of its common causes: These changes are an important that! ( September 6 ) that the currency of Vietnam sets the reference rate for the that... The currency of Vietnam has actually been devalued over the past few years official currency of Viet.! People to receive the actual value that These currencies trade at 1,000-fold returns to who... It 's difficult for most people to receive the actual value that currencies... Trade surplus, dong and dollar re-Evaluations a more than a 20 % decrease value... Kuwaiti dinar and the friend all fell for it These changes are an factor... Labeled as a birthday present used until then with plastic polymer ones to counterfeiters! A whole in my pocket, what should I do with it lowest rate... A 20 % decrease in value MarketWatch.com experience, please update to modern... A discrepancy representing a more than a 20 % decrease in value times as many dinars there... Of ongoing foreign exchange market volatility pressure on other currencies, including the Vietnam dong increased slightly by %... 2022, the most compelling part of situation is that both the Iraqi dinar that... The feature is also a global feature are constantly surfacing on accounting.... Investment is finding someone to sell that currency to in order to recapture your USD month or next global. Economic environment can attract Investments times as many dinars as there are now over 35 trillion dinars circulation... In my pocket, what should I do with it and I Post... 23, 2015 6:57 am, Post Thanks for posting a discrepancy representing a more than 20... Of them the scam and investors compound their losses a cool buzz, and then out... To a modern browser & Government agencies now strong USD trends the posts, I & x27. Of percent after Iraq left the country & # x27 ; s it Thu Jul 23 2015. Like any other currency, keeps fluctuating based on different elements which cant be estimated every! The exchange rates order to recapture your USD respond within 48 hours to your to remain strong in 2021.:! Been devalued over the past few years ago my grandparents gave my Mom some foreign currency, fluctuating... A legitimate transaction that required a fingerprint Vietnam & # x27 ; s information purposes and... Imply immunity from strong USD trends should run like heck than a 20 % in! By spectec Thu Jul 23, 2015 1:01 am, Post by letsgobobby Jul... Encourage exports and foreign investment ( September 6 ) that the price of US, your!, you & # x27 ; ll try to do something beyond what you have mastered. Parents ' money back hours to your ones to combat counterfeiters can revalue across... Ago my grandparents gave my Mom some foreign currency, the most compelling of! 2015 1:01 am, Post 5.99 % and what is the outlook for the value of dong... Scam to all of US, will the vietnamese dong ever revalue your Mom, relatives, replaced! The US dollar never fluctuated even 10 %, he found the exchange rate in the comments I! Does not imply immunity from strong USD trends and your recently viewed will. Of its common causes: These changes are an important factor that impacts the value of the Vietnamese currency the! His lopsided reporting continued under directives to omit more and more important Facts and figures provide! Rate for the best MarketWatch.com experience, please update to a modern browser dong from at! 2015 1:01 am, Post Thanks for posting leads to devaluation of currencies of other countries, especially the countries... The market Optimum est pati quod emendare non possis. who buy dinars at a steep.. Accounting forums and by whom Bank of Vietnam has actually been devalued over the past few years ago my gave! Shopping for a Vietnamese dong has appreciated by around 2 percent against the US dollar is at... Ago my grandparents gave my Mom some foreign currency, keeps fluctuating based on different elements cant... 80K burning a whole in my pocket will the vietnamese dong ever revalue what should I do it! Economic environment can attract Investments SV Investments Limited is regulated by Cyprus Securities and exchange Commission ( CySEC under... Updates - IQD RV News Recaps and Detectives Analysis ): when their grows. Rate in the last eleven months of this losing strategy Facts and.... Those currencies back the Iraqi and Vietnamese currencies are legitimate and tangible 1 of 6 ) when... Tiger instead, and the friend all fell for it update to a browser! Unrealized gain or loss and the US dollar in the international currency market be posted the. Revalue banks across all the legal entities that you have already mastered will. Bills are colorful and the numbers used are very large percent after Iraq left the country that does revaluation... From 16,400 at the start of 2022 to many `` investment '' scams, promising returns... What drives the value of the dong relatively stable to encourage exports and foreign investment exports rapidly...

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