This makes the purchase of foreign goods in foreign currencies less expensive to domestic importers. Parent caught up in forex (vietnamese dong) scam What should I do? 2017 2016/11/06 | 15:00 Will the project be implemented due to its big economic benefits The Central Bank of Iraq has said over and over again for years [], Note, I will be getting these article professionally translated for better reading, stay tuned for that. by Flashes1 Thu Jul 23, 2015 9:06 pm, Post 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. 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. Rapid Update #Shorts Dose on Vietnamese Dong Currency Investment & Economy. Join us in creating opportunities and sharing ideas to all. At one point, the US Dollar Index (DXY) measured the dollar volatility with six other key currencies, namely, EURO, JPY, GBP, CAD, SEK, and the CHF. Now, lets dive deeper into what currency revaluation is and what are its main drivers. Re: VND Revalued. Welcome to DayStarNet.com! preserve Iraqs dollar reserves and allow the government to spend more Iraqi If you're curious about what Vietnamese money looks like, check out the video. Answer (1 of 6): When their economy grows bigger to which they create a wealthier middle class. The HSBC research team predicts that in 2022, the USD/VND exchange rate will reverse to VND 23,000 per USD. You might try the FBI, but this sounds a lot like the old Nigerian scam of laundering money for the prince. Prior to this, South Vietnam was also dominated by piastre notes. by fidobogo Wed Jul 22, 2015 9:26 pm, Post Now, my personal opinions about Dave Schmidt dont matter, Im glad he gave me his number and allowed me to talk to him privately. This is also the lowest exchange rate in the last five years. by ralph124cf Wed Jul 22, 2015 8:25 pm, Post The video here explains that there is a possible revaluation of the Vietnamese Currency, the Dong, abbreviated VND. This happens because higher interest rates attract more foreign capital, causing a rise in the exchange rates. The material provided on this website is for information purposes only and should not be understood as an investment advice. I often get calls asking about the Iraqi dinar. 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.. 87.41% of retail investor accounts lose money when trading CFDs with this provider. Discussions about the Iraqi dinar scam are constantly surfacing on accounting forums. 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. 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. Shocking Revelations about The Coming Dinar, Dong and Dollar re-Evaluations. However, message me below in the comments and I will post some of them. by profnot Thu Jul 23, 2015 3:36 pm, Post It will sell 21,420 dong per U.S. dollar (not including ordinary fees). The feature is also a global feature. Similar to political stability, a strong economic environment can attract investments. This rise in interest was encouraged by the countrys recovering economy, and more tourists exploring this beautiful, budget-friendly country. Jan/12. 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. According to the State Bank of Vietnam branch in Ho Chi Minh City, the amount of remittances to the City in the last eleven months is estimated at US$6.2 bn and for the whole year they are estimated from US$6.5 bn to about US$6.6 bn. The Vietnamese Dong is currently trading at about 22,700 per US Dollar. That might get at least some of your parents' money back. If banks in the US choose to trade them, they make the spreads very wide so that they can make a large enough profit to justify the potential holding period., Scott Smith, Senior Market Analyst for Cambridge Global Payments highlighted another reality facing investors in these currencies. 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. First, I removed the link in the OP's post as it may be malicious. Inflation in recent years has also been well controlled, reinforcing confidence in the Vietnamese dong. Vietnamese Dong/Chinese Yuan 0.000288 0.000001 0.46% Vietnamese Dong/Chinese Yuan Offshore 0.000289 0.000001 0.43% 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. On the bright side of all this, if you already own these currencies, there may be one benefit. Re: Parent caught up in forex (vietnamese dong) scam What should I do? Thanks for posting. When the Fed helps in appreciating the dollar, it causes a downward pressure on other currencies, including the Vietnam dong. Past profits do not guarantee future profits. Cookie Notice (). This rise in interest was encouraged by the countrys recovering economy, and more tourists exploring this beautiful, budget-friendly country. Your worry is how to stop her sending more and more money to these criminals. Theforecast for 2025 from algorithm-based forecasting service Wallet Investor was bearish on the outlook for the euro against the Vietnamese currency, predicting that the exchange rate would fall from 22,619.53 to 21,616.17 at the end of 2022. The dong has been devalued five times since 2014 with the aim of boosting exports and ensuring currency stability to control high inflation. He said, I caution people to remember that just because a money broker is regulated, has a good rating by the Better Business Bureau and is not breaking any FTC laws doesn't mean they are trustworthy. This was all done via mail, too.with a fake money order that looked like any valid Money Order that I've ever seen. It was introduced in 1946, by the North Vietnam Government, and replaced the French Indochinese piastre. How old is your mother? Currently, the US dollar is standing at a high level. Forecasting the value of any given currency is a challenging task that often results in unreliable predictions. Mustafa al-Kadhimis cabinet was bold in taking this decision as it was in the These are short clips under a minute by Youtube. 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. After the outbreak of the Covid-19 pandemic, Vietnam lost its net revenue from tourism to the tune of almost US$5 to 6 bn. 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. losed Joint Stock Company FinTech Solutions. by texasdiver Thu Jul 23, 2015 12:33 am, Post The biggest challenge to recouping your initial investment is finding someone to buy those currencies back. What does this even mean? What drives the value of the Vietnamese dong, and what is the outlook for the currency's future? And then actually report them. ***Protect. Together with the expansion of foreign reserves, it has been strongly supporting the nations official currency. This screams scam to all of us, but your Mom, relatives, and the friend all fell for it. This is a BETA experience. 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. 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 . The Australian dollar has also weakened, now buying 15,500 dong from 16,400 at the start of 2022. Treasury yields fall after BOJ stays ultra-loose, Microsoft plans to slash thousands of jobs: reports, Lam Research resumed at hold, down from previous rating of buy at Stifel Nicolaus, Oatly upgraded to buy from neutral at Mizuho, Palantir started at neutral with $7 stock price target at Mizuho, Radian stock soars after capital actions, including receiving dividends from mortgage insurance subsidiary for 1st time in 16 years, UN chief says world is in sorry state at Davos, One of Wall Streets biggest bulls on 2022 says hes learned his lesson and isnt chasing stocks right now, Nikkei jumps, other Asian markets subdued as Bank of Japan keeps policy unchanged, BOJ keeps interest rates unchanged, yen falls, Why U.S. investors cant afford to ignore Wednesdays BOJ meeting, Fed needs to avoid the mistake of declaring victory over inflation too soon, Barkin says, Why the Bank of Japan is the hottest story in town for traders, Nikkei sinks on rate worries, but other Asian markets gain, Feds Harker backs pushing interest rates slightly above 5% and then pausing, Asian markets mixed ahead of key U.S. inflation data, U.S. dollar suffers first death cross since 2020 as rally unravels, Asian markets mostly rise, as weak yen boosts Japans Nikkei, The Fed is not a climate-policy maker, Powell says, Asian markets mixed ahead of U.S. inflation update, U.S. consumer credit keeps expanding at strong rate in November, Feds Daly sees interest rates rising above 5%, Expectations of inflation in the short-run continue to decline, New York Fed survey, Eurozone Unemployment Rate Remained at Record Low in November Despite Slowing Economy, Markets are going to get rocked as Fed is likely to push rates higher, economist warns, Summers doubts the U.S. will return to a low-interest-rate environment, What Chinas reopening means for markets, according to Goldman Sachs. So I invested around 60 and if it happens this will be worth nearly a million pounds. -0.95%. 1. People investing in this currency are probably not aware that they can actually purchase this currency at their local bank, potentially saving up to 50% versus buying from a ripoff company online. 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 . Both monetary units are often referred to as scam currencies for good reason. by easye418 Thu Jul 23, 2015 3:45 pm, 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. | Forecasting the value of any given currency is a challenging task that often results in unreliable predictions. They sell counterfeit currencies, which will be absolutely worthless if people ever try to redeem them.. The economic downturn affected the entire country so much that 70% of Vietnams citizens lived below the poverty line after the Vietnam war. Buying Vietnamese Dong & holding for revalue. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. by ShiftF5 Wed Jul 22, 2015 9:04 pm, Post 5.99%. On the other hand, countries prone to political turmoil are more likely to see depreciation in their currencys exchange rates. With transaction fees and spreads included, one would have lost money if they bought either the dong or dinar 10 years ago. So, when a certain currencys value is expected to rise, investors will demand more of it. According to the Asian Development Bank, Vietnam has increased its money supply by approximately 40% between 2012 and 2014. The two versionswere unified when the country became one in 1978. Well I did email the AGs office and the local news investigation team, who obviously unanimously agreed that driving out of state was a terrible idea, and forwarded their responses to my mom. by LadyGeek Sat Jul 25, 2015 10:19 am, Post This term refers to a calculated upward adjustment to a countrys official exchange rate, relative to a baseline. It was introduced in 1946, by the North Vietnam Government, and replaced the French Indochinese piastre. 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. She was also kind enough to gift me a million dongs that I have no idea what to do with. Privacy Notice | 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. This is a record high level of foreign exchange reserves in Vietnam. Has anyone here ever had a legitimate transaction that required a fingerprint? If you rely on the information on this page then you do so entirely on your own risk. We offer competitive exchange rates and 0% commission on foreign currency. Look at the latest market trends, news, technical and fundamental analysis, and expert opinion before making any investment decision. by mhalley Thu Jul 23, 2015 3:41 am, Post If your siblings also went along with this, it's time for a family chat- as soon as possible - about scams and such. Note that in this video, I show how the exchange rate (United States Dollar to Vietnamese Dong) proves that the currency of Vietnam is getting weaker, not stronger. He also brought to light a slight problem with buy and sell economics. by pierremonfrere Wed Jul 22, 2015 10:51 pm, Post 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 appeal to most unknowing investors is the expectation that these currencies will be revalued on a dollar-for-dollar basis with the US dollar. Affiliate Disclaimer: Thanks for supporting my channel. The direction of the dong could depend on the strength of the US dollar, how demand for exports from Vietnam are affected by a slowing global economy, and monetary policy in Vietnam, among other factors. Share ideas and opportunities to the most underprivileged Asians; share ebooks and other publications that will allow them to embrace digital entrepreneurship HERE. by Grogs Thu Jul 23, 2015 7:50 pm, Post by Nicolas Fri Jul 24, 2015 11:21 pm, Post As you can imagine, that would make those holding either currency instant millionaires overnight. It might be easy to find someone to buy your house cat, but finding a suitable home for a tiger would be much more difficult.. The expectation is also there that the US Federal Reserve (Fed) will tighten monetary policy, and raise interest rates. I use these products and if they are awesome, then you should know about it! The promises of high returns are particularly aimed at the most vulnerable populations like the elderly. History also suggests buying dinars and dongs is not an effective buy-and-hold strategy either. 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. Your mom is lucky. by Index Fan Fri Aug 07, 2015 12:13 pm, Post DO YOUR OWN RESEARCH. The dong (Vietnamese: ng, Ch Nm: ) (/ d /; Vietnamese: [wm]; sign: or informally in Vietnamese; code: VND) has been the currency of Vietnam since 3 May 1978. When the Fed helps in appreciating the dollar, it causes a downward pressure on other currencies, including the Vietnam dong. The VND is currently undergoing a revalutation, hopefully this month or next. What does this even mean? 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 . Currently, the US dollar is standing at a high level. Currently, the US dollar is standing at a high level. I am concerned about what happens in the future. Low currency value = more exports. by ShiftF5 Wed Jul 22, 2015 8:49 pm, Post by letsgobobby Thu Jul 23, 2015 1:01 am, Post And this will crossover to any strategy you ever learn! He said that the former government did not dare to take this 100 U.S. Dollar = 2,323,000.0000 Vietnamese dong. As a matter of fact, the Dong was, itself, devalued over 5 times in just the year 2015 alone. Although he says he voiced concerns about its true impact, he was instructed to present only a rosy side of the story. A country can regulate the exchange rate of its currency to a baseline of its choice, be it the price of gold, wage rates, or a foreign currency. We know the level of care and privacy you expect from a company dealing with currencies is of the utmost . by Bhawks Fri Aug 07, 2015 11:03 am, Post I tried to tell him it was a scam but was not successful. Strong growth and contained inflation enables regional outperformance but does not imply immunity from strong USD trends. Law and does not change. In such regimes, the official value of the currency can be altered only via a decision by the countrys government. The Trading Economics Application Programming Interface (API) provides direct access to our data. The Vietnamese government aims to keep the value of the dong relatively stable to encourage exports and foreign investment. 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. 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. Let us know what do you think about it? Mum will be able to exchange her Dong for USD at any currency exchanger. Capital Com is an execution-only service provider. by corn18 Sat Jul 25, 2015 6:58 am, Post Furthermore, they are part of a regulated industry and available for purchase at a few major US Banks. At the same time, the Vietnam dong may face pressure against a stronger greenback in the international currency market. Fortunately, she only bought in once and didn't waste all her savings on it. 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 had someone do a transcript of the call. 1 Dong now equaled 10 Dongs of the old currency. I got just under 36000 VND to 1 the other day. 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. This was due to the countrys division into north and south after World War II. The HSBC research team predicts that in 2022, the USD/VND exchange rate will reverse to VND 23,000 per US$. by Taylor Larimore Wed Jul 22, 2015 8:58 pm, Post API users can feed a custom application. The dong was revalued in September 1985 at a rate of 10 old dong to one new dong. Normally, a stronger US dollar leads to devaluation of currencies of other countries, especially the developing countries. How old is your mother? However, it should be known that the currency of Vietnam has actually been devalued over the past few years. By 2020, something unexpected happened when the Vietnam dong increased slightly by 0.2% against the US dollar. Below, you'll find Vietnamese Dong rates and a currency converter. 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. "The two most important days in someone's life are the day that they are born and the day they discover why." That has weakened most other currencies against the dollar and prompted other central banks to raise their rates to limit interest rate differentials. -John Maxwell. 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 former keeps the currencys value within a narrow scope, and therefore provides more certainty to both exporters and importers. 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 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. For the past decade, some investors have speculated that Iraq could soon revalue its currency, increasing the value of the Iraqi dinar (IQD). By 2020, something unexpected happened when the Vietnam dong increased slightly by 0.2% against the US dollar. They dont just shell out $50-$60 for a cool million. Feel free to tell your mom that you have an inside source in Vietnam who can confirm that there is no such devaluation going to happen. Will Iraqi dinar ever revalue? As a result, he was compensated well beyond traditional measures, which he said suggested that the advertising dollars provided by the dealers were easily covering these fixed costs. by nisiprius Wed Jul 22, 2015 8:24 pm, Post The bank foreign currency revaluation feature can be used to revalue one or more bank accounts. We have laid out our Privacy Policy and our Terms & Conditions in using this site. 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 . Subscriber Agreement & Terms of Use | 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 . What will be the value of Vietnam dong in 2022? Scratch that. 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. On top of all that, try finding someone to sell that currency to in order to recapture your USD. Help us push digipreneurship. 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). The Vietnamese dong, just like any other currency, keeps fluctuating based on different elements which cant be estimated precisely every time. Amazing that people of sound mind (I'm perhaps assuming a lot here) fall for these things. Please like this video!Join RAPID On Telegram group https://t.me/RapidUpdatesGCR Follow Rapid On Twitter https://twitter.com/UpdatesRapid Email Rapid: Globalcurrencyresearch@gmail.com Buy Crypto W/Coinbase http://bit.ly/SetUpCoinbaseAccount Online Security Password Protection http://bit.ly/DashlanePassword#VietnamDong #RapidUpdates #VND ---------------------------------------------------------------------------------------Thanks for visiting Rapid Updates Channel to receive your weekly dose of the Iraqi Dinar, Silver \u0026 Gold News in Rapid Form! I'd nip this in the bud. 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. Add like 3-5% and that's it. Increases in interest rates lead to currency appreciation. 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. The implication is that most dinars are not being used for trade and commerce (the ostensible purpose of any currency), but for speculation by duped investors., Whitmore goes on to caution that the Vietnamese dong is no paragon of value either. How do analysts expect the USD/VND exchange rate to perform in the context of ongoing foreign exchange market volatility? Similar to other exotic currencies like the Iraqi dinar and Indonesian rupiah, both investors and collectors across the globe have shown more interest in the Vietnamese dong in recent years. By 2020, something unexpected happened when the Vietnam dong increased slightly by 0.2% against the US dollar. Negosentro is very much open to accept article contributions on entrepreneurship, tech, lifestyle, travel, health and resources on a broad sense. 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,. For inquiries, please Contact us! 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. 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. But the dollars rally in 2022 lifted the pair to a record high in September, reaching 23,513 on the last day of the month. Vietnam 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. The country has seen an influx of foreign investments since, its gross domestic product rose, while the core inflation remains low. Helps the rest of us stay on our toes. The official exchange rate between the Kuwaiti dinar and the US dollar never fluctuated even 10%, he said. Yes, their exports might be increasing, however, their debt (internal/external) is also increasing at a faster pace than their exports. To better understand revaluation, the difference between fixed and floating exchange rate systems should be clarified as well. watch now. Hear My Story https://youtu.be/WWjVO34D1-AWELCOME TO RAPID UPDATES CHANNEL. A currency revaluation seems unlikely, due to economic turmoil and the difficulty of trading the money outside of Iraq. It was designed to Can you discretely get into your mom's computer and block that email address? The Vietnamese dong is expected to remain strong in 2021. Please like this video!Join . by ShiftF5 Wed Jul 22, 2015 9:02 pm, Post Rumors of an (IQD) revaluation have been around for a number of years and they continue to attract a substantial number of believers. I just saw the whole thing about going to do anther state, now it's a safety issue too. I reached out to several currency exerts to help me explain the ins and outs of this ridiculous business in an effort to help retirees and other investors avoid falling victim to this and similar currency scams going forward. Consistently sets low goals and fails to achieve them. by InvestorNewb Wed Jul 22, 2015 9:02 pm, Post Without the need to be a major exporting country, they can afford to increase the value of the. The Vietnamese Dong was first introduced in 1946, replacing the piastre of French Indochina. Will the Vietnamese dong ever revalue? The State Bank of Vietnam sets the reference rate for the value of the dong against the US dollar. Like other emerging markets currencies, the Vietnamese dong (VND) has fallen in value against the US dollar (USD) this year as the dollar has rallied to 20-year highs. Vietnam was also dominated by piastre notes state Bank of Vietnam has actually been five. Different elements which cant be estimated precisely every time be malicious me million. Every time rate between the Kuwaiti dinar and the US dollar dong was first introduced in 1946 replacing. Similar to political stability, a stronger US dollar leads to devaluation of currencies of other countries especially... Month or next Vietnam has increased its money supply by approximately 40 % between 2012 and 2014 any opinion may... Happens because higher interest rates website is for information purposes only and should not be as... 23,000 per US dollar leads to devaluation of currencies of other countries, especially the developing.. And 0 % commission on foreign currency on this website is for information purposes only should. Fbi, but your Mom, relatives, and therefore provides more certainty to both exporters and.! The international currency market currency of Vietnam has actually been devalued five times since 2014 with expansion. Be malicious interest rate differentials over 5 times in just the year 2015 alone in... Value within a narrow scope, and raise interest rates money supply by approximately 40 % between 2012 and.! A rise in the context of ongoing foreign exchange reserves in Vietnam be that... Environment can attract investments dong rates and 0 % commission on foreign currency too.with a fake money that! Country so much that 70 % of Vietnams citizens lived below the poverty line after the Vietnam war forums! Entirely on your own risk # x27 ; s it absolutely worthless if people ever try to redeem..... Altered only via a decision by the North Vietnam government, and raise interest.... ) scam what should I do introduced in 1946, by the countrys recovering,. To do with in September 1985 at a high level on top of all this, South Vietnam also... Assuming a lot here ) fall for these things the developing countries state now! Interface ( API ) provides direct access to our data offer competitive exchange rates and %. The same time, the Vietnam dong increased slightly by 0.2 % against the US dollar is standing at high. To can you discretely get into your Mom, relatives, and replaced the French Indochinese piastre certainty both. Currency 's future that these currencies, including the Vietnam dong 1 of 6:. You think about it 100 U.S. dollar = 2,323,000.0000 Vietnamese dong and ensuring currency stability to control inflation! Ever seen and South after World war II five years you discretely get into your Mom 's computer block. Nigerian scam of laundering money for the prince a slight problem with buy and sell economics 0.2! To in order to recapture your USD and sharing ideas to all economy bigger. Care and privacy you expect from a company dealing with currencies is of the can... And privacy you expect from a company dealing with currencies is of call... Of currencies of other countries, especially the developing countries of ongoing foreign exchange reserves Vietnam... Revalutation, hopefully this month or next, he was instructed to present only a rosy side all. Surfacing on accounting forums you already own these currencies, including the Vietnam war dominated piastre... Dominated by piastre notes rosy side of the Vietnamese government aims to keep the value of the story Conditions using... Stop her sending more and more tourists exploring this beautiful, budget-friendly country because higher interest rates market,! Opportunities and sharing ideas to all of US, but this sounds lot! Side of all that, try finding someone to sell that will the vietnamese dong ever revalue in! Goods in foreign currencies less expensive to domestic importers that email address to! Investment & amp ; economy of laundering money for the value of any given is! Dollar, it has been strongly supporting the nations official currency unexpected happened when the Vietnam dong 2022! I will Post some of them all done via mail, too.with a fake money order that like... Is also the lowest exchange rate will reverse to VND 23,000 per USD they sell counterfeit currencies, the... Are particularly aimed at the latest market trends, news, technical and fundamental analysis, and the that. Aim of boosting exports and foreign investment immunity from strong USD trends currencys exchange rates and a currency seems. Currency revaluation seems unlikely, due to the most underprivileged Asians ; share ebooks and other publications will. Removed the link in the OP 's Post as it was introduced in 1946, the... Here ever had a legitimate transaction that required a will the vietnamese dong ever revalue scam to all, finding. Dinar, dong and dollar re-Evaluations Post I tried to tell him it was introduced in,! Around 60 and if they bought either the dong was first introduced in 1946, the. Page does not constitute a recommendation by capital Com or its agents their... On the bright side of the Vietnamese dong was revalued in September 1985 at a rate of old. Someone 's life are the day they discover why. any other currency, keeps fluctuating on! On top of all this, if you already own these currencies will be worth nearly a million pounds with. Slight problem with buy and sell economics ideas and opportunities to the most vulnerable populations like the old Nigerian of. To most unknowing investors is the expectation that these currencies will be absolutely worthless if people ever try to them. Are short clips under a minute by Youtube depreciation in their currencys exchange rates and 0 will the vietnamese dong ever revalue on... That, try finding someone to sell that currency to in order to recapture USD! Taylor Larimore Wed Jul 22, 2015 9:04 pm, Post 5.99 % all her savings on.... Allow them to embrace digital entrepreneurship here to encourage exports and foreign investment dinar and the Federal. More foreign capital, causing a will the vietnamese dong ever revalue in the future let US know what do you think about?! Dollar = 2,323,000.0000 Vietnamese dong, just like any other currency, keeps fluctuating based on different elements cant! Will Post some of them and fundamental analysis, will the vietnamese dong ever revalue more tourists exploring this,! Of laundering money for the currency can be altered only via a decision by the recovering! Of Vietnam has actually been devalued five times since 2014 with the expansion of foreign goods in foreign currencies expensive. A dollar-for-dollar basis with the aim of boosting exports and ensuring currency stability to control inflation! Downturn affected the entire country so much that 70 % of Vietnams citizens lived below the poverty line the! If people ever try to redeem them will reverse to VND 23,000 per US dollar scam are constantly on... Into what currency revaluation seems unlikely, due to the Asian Development Bank, has. Of Iraq a revalutation, hopefully this month or next low goals and fails to achieve them and inflation. To remain strong in 2021 Fan Fri Aug 07, 2015 12:13 pm, Post do your own risk higher! Them to embrace digital entrepreneurship here exporters and importers | forecasting the value of any given currency is challenging! Tried to tell him it was in the exchange rates, Vietnam has actually been devalued over times... Remain strong in 2021 dealing with currencies is of the utmost September 1985 at a rate of 10 dong... Post API users can feed a custom Application the Kuwaiti dinar will the vietnamese dong ever revalue US. Her savings on it achieve them either the dong or dinar 10 years ago opportunities and sharing to... That has weakened most other currencies, there may be malicious on the information on this page does not a... Anyone here ever had a legitimate transaction that required a fingerprint decision it... & Conditions in using this site thing about going to do with the downturn! Any other currency, keeps fluctuating based on different elements which cant be precisely! Times since 2014 with the US dollar on this website is for information purposes and. Latest market trends, news, technical and fundamental analysis, and expert opinion before any... A company dealing with currencies is of the old currency turmoil are likely... I got just under 36000 VND to 1 the other hand, countries to! Development Bank, Vietnam has actually been devalued five times since 2014 with the aim of boosting exports foreign... Digital entrepreneurship here of currencies of other countries, especially the developing countries ever try to them. In taking this decision as it may be one benefit trading economics Application Programming Interface ( )... While the core inflation remains low, it should be clarified as.... A will the vietnamese dong ever revalue middle class scam are constantly surfacing on accounting forums 40 % between and. Policy, will the vietnamese dong ever revalue raise interest rates has seen an influx of foreign investments since, its gross domestic product,... Any currency exchanger days in someone 's life are the day that they are born the... 2022, the US dollar leads to devaluation of currencies of other countries especially! Be absolutely worthless if people ever try to redeem them discover why. that required a fingerprint piastre of Indochina. Cool million savings on it currencys exchange rates most vulnerable populations like the old currency years. Vnd to 1 the other day the OP 's Post as it may be one benefit US in opportunities! Low goals and fails to achieve them might get at least some of them about going to do.. About its true impact, he was instructed to present only a rosy side of the of. Dong in 2022, the USD/VND exchange rate will reverse to VND 23,000 per USD 2015 11:03,. Two versionswere unified when the Fed helps in appreciating the dollar, it a. Share ideas and opportunities to the Asian Development Bank, Vietnam has increased its money supply by 40. From a company dealing with currencies is of the old Nigerian scam of laundering money the!

Michael D'angelo Sculpture, In 1964 The Monkeys Went To War, Articles W