will the vietnamese dong ever revalue

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. Risk warning: onducting operations with non-deliverable over-the-counter instruments are a risky activity and can bring not only profit but also losses. 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. by Fallible Wed Jul 22, 2015 10:08 pm, Post In fact, the most compelling part of situation is that both the Iraqi and Vietnamese currencies are legitimate and tangible. For the best MarketWatch.com experience, please update to a modern browser. 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 country has seen an influx of foreign investments since, its gross domestic product rose, while the core inflation remains low. 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.. It might be worthwhile to talk to a tax advisor about selling the currency back and writing off the loss. Opinions expressed by Forbes Contributors are their own. 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. Currently, the US dollar is standing at a high level. Below, you'll find Vietnamese Dong rates and a currency converter. by InvestorNewb Wed Jul 22, 2015 9:02 pm, Post At the same time, the Vietnam dong may face pressure against a stronger greenback in the international currency market. The Vietnamese dong has appreciated by around 2 percent against the US dollar in the last eleven months of this year. So I invested around 60 and if it happens this will be worth nearly a million pounds. Our currency rankings show that the most popular Vietnamese Dong exchange rate is the VND to USD rate. I don't think they are out to mug her at the paperwork exchange. It weakened the Vietnamese dong at the time, with inflation running at up to 900%. A strong trade surplus has supported the dong against the euro, with the exchange rate declining to the 23,000 level from 25,800 at the start of 2022. Its like shopping for a house cat, but buying a tiger instead, and then finding out you are allergic to cats. Learn also about the latest attempts on Putin and by whom. The current documents are available from Pacer via this link https://ecf.gand.uscourts.gov/cgi-bin/mobile_query.pl?search=dktEntry&caseid=218667&caseNum=1:15-cv-02677-LMMyou must be REGISTERED to access them. Reply. You might try the FBI, but this sounds a lot like the old Nigerian scam of laundering money for the prince. Unless you try to do something beyond what you have already mastered you will never grow. 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. This currency entered the South area six years later, in 1953. Hassan Nazim said on Monday (September 6) that the price of US dollar against watch now. There are no signs that Iraq may revalue the dinar in the immediate future. | Forecasting the value of any given currency is a challenging task that often results in unreliable predictions. 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. Discussions about the Iraqi dinar scam are constantly surfacing on accounting forums. Conversely, domestic exporters will see a decline in exporting business as the exporting goods are now more expensive to foreign importers. This is a record high level of foreign exchange reserves in Vietnam. by Flashes1 Thu Jul 23, 2015 9:06 pm, Post The countrys officials decided to replace the cotton notes that were used until then with plastic polymer ones to combat counterfeiters. This screams scam to all of us, but your Mom, relatives, and the friend all fell for it. 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. Ask Larry: I'm 66 -- Will The Earnings Test Still Affect Me? Ask Larry: Can My Husband's Ex File On His Record And Reduce Our Benefits? It was designed to said that the price will be fixed at the current price for the next four years. Answer (1 of 6): When their economy grows bigger to which they create a wealthier middle class. The dinar became 99.3% less valuable overnight. History also suggests buying dinars and dongs is not an effective buy-and-hold strategy either. On the other hand, in a floating exchange rate system changes in the value of the currency are generated by market forces. What is the Dong expected to revalue at? For 2016, the panel projects the dong to trade at 22,108 per USD. ^^^ Leave that for the professionals (FBI, etc.). With an increase in foreign capital, the value of the domestic currency rises. These are short clips under a minute by Youtube. 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 . Iraq devalued the dinar significantly as a part of the 2021 Join us in creating opportunities and sharing ideas to all. Trading Economics welcomes candidates from around the world. Any further interaction is asking for trouble. Subscriber Agreement & Terms of Use | Following the SBVs net withdrawal, the overnight interbank interest rate rose by 40 basis points (bps) to 4.9% last week. Thank you for supporting the channel. What drives the value of the Vietnamese dong, and what is the outlook for the currency's future? They dont just shell out $50-$60 for a cool million. by ralph124cf Wed Jul 22, 2015 8:25 pm, Post The SBV has been selling large amounts of US dollars from its foreign exchange reserves and has withdrawn trillions of dong through open market operations to maintain banking system liquidity and indirectly increase interbank interest rates. 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. Relative economic strength can be used to forecast the direction of exchange rates. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Make sure to subscribe to the Newsletter if you havent already done so. I share my thoughts and ideas I pick up from everywhere I go. How old is your mother? 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. Multiple variations of the dong existed until the unified dong was introduced in 1978, following communist victory and the unification of Vietnam. by denovo Thu Jul 23, 2015 1:02 am, Post Furthermore, they are part of a regulated industry and available for purchase at a few major US Banks. 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. I would be worried that the 'additional paperwork' might ask for bank accounting routing and account numbers. 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. On a national scale, the World Bank and the international cooperation organization on migrants KNOMAD, forecast that the amount of remittances to Vietnam in 2021 will be US$18.1 bn, ranking 8th in the world and third in the Asia-Pacific region. by IPer Thu Jul 23, 2015 6:57 am, Post The VND forecast against the euro from Trading Economics indicated that the EUR/VND pair could move down to 22,011 in one year, from 22,714.40 at the end of the third quarter. Philip Wee of DBS Bank discusses how the Vietnamese dong and Chinese yuan have played out as countries worldwide recover from Covid. At the same time, the Vietnam dong may face pressure against a stronger greenback in the international currency market. This currency entered the South area six years later, in 1953. Keep in mind that past performance is no guarantee of future returns. A million dongs seems to only be $45 so it's not something to worry about. In my opinion, they dont fit anywhere! What will be the value of Vietnam dong in 2022? Have Watchlists? 3 Reasons Why Aluminum is a Better Fencing Material than Wood. step because of the risks and controversies around it, adding that Prime Minister Vietnamese Dong Revaluation; Welcome to DayStarNet.com! Vietnamese dong forecast: How will the VND fare against USD and EUR. The size of the potential loss is limited to the funds held by us for and on your behalf, in relation to your trading account. 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. After WWII, North and South Vietnam replaced the French Indochinese piastre with the North Vietnamese dong and the South Vietnamese dong. My Portfolio: VTI [US], VXUS [Int'l], VNQ [REIT], VCN [Canada] (largest to smallest). Will the Vietnamese Dong be Revalued Soon? 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. $2500 isnt that much to get scammed. Ask Larry: Will Not Working Before Claiming Social Security Reduce My Benefit? Re: VND Revalued. 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. All contributions, guest posts, and sponsored posts will be deemed owned by the publication and its owner/s. Share ideas and opportunities to the most underprivileged Asians; share ebooks and other publications that will allow them to embrace digital entrepreneurship HERE. 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! by Bhawks Fri Aug 07, 2015 11:03 am, Post Both monetary units are often referred to as scam currencies for good reason. The expectation is also there that the US Federal Reserve (Fed) will tighten monetary policy, and raise interest rates. by wander Wed Jul 22, 2015 8:40 pm, Post by Index Fan Fri Aug 07, 2015 12:13 pm, Post -0.00001. 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. 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 the U.S lifting the trade embargo and laxer governance by the Communist Government, economic prosperity has finally begun. 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. While this may not work out for everyone or every situation, its worth trying to save a few tax dollars from the ordeal. by ShiftF5 Wed Jul 22, 2015 9:04 pm, Post dinars. The USD/VND exchange rate on the inter-bank market has fallen sharply twice, to VND22,750 per US dollar in August and to VND22,650 per US dollar in early November. Share your thoughts in the comments below, The State Bank of Vietnams (SBV) decision to raise key policy rates by 100bp on 22 September exceeded our expectation that these rates would rise by only 50bp by end-2022. Furthermore, they are part of a regulated industry and available for purchase at a few major US Banks. New Dong Currency Update. Risk Disclosure Statement. 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. DO YOUR OWN RESEARCH. There are now over 35 trillion dinars in circulation (about three times as many dinars as there are US dollars). API users can feed a custom application. 0.0007. Fortunately, she only bought in once and didn't waste all her savings on it. It is issued by the State Bank of Vietnam.The dong was also the currency of the predecessor states of North Vietnam and South Vietnam, having replaced the previously used French Indochinese piastre. Reid Kirchenbauer of InvestAsian.com says, The dinar and dong, along with many other thinly traded currencies, are hard to get at a fair price in the United States. One US bank Kirchenbauer called was offering one million Vietnamese dong for $56.90, which works out to 17,574 VND per dollar. Your mom is lucky. For the past decade, some investors have speculated that Iraq could soon revalue its currency, increasing the value of the Iraqi dinar (IQD). Past profits do not guarantee future profits. Global Currency Reset - Financial News. Parent caught up in forex (vietnamese dong) scam What should I do? by nisiprius Wed Jul 22, 2015 8:24 pm, Post DON'T FORGET TO SUBSCRIBE http://bit.ly/RapidUpdatesYoutube-----------------------------------------------------------------------------------------------IMPORTANT DISCLAIMER I am NOT a Financial Advisor. Some people you can't help. Rapid Update #Shorts Dose on Vietnamese Dong Currency Investment & Economy. Mum will be able to exchange her Dong for USD at any currency exchanger. Negosentro.com respects your privacy. 100 U.S. Dollar = 2,323,000.0000 Vietnamese dong. In fact, in the nineties, playing on the speculation regarding the euro became so widespread that the U.S. Commodities Future Trading Commission issued multiple warnings. Ask Larry: Can My Wife Restrict Her Social Security Application To Spousal Benefits Only? interest of the countrys economy. The expectation is also there that the US Federal Reserve (Fed) will tighten monetary policy, and raise interest rates. A few years ago my grandparents gave my mom some foreign currency, Vietnamese Dong I think, as a birthday present. 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. 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. Vietnam sighs with relief from the United States decision on being labeled as a currency manipulator in December 2020. In my opinion, they dont fit anywhere! 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. VND - Vietnamese Dong. 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. The feature is also a global feature. 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. You can read the original Central Bank of Iraq articles which I had translated here: http://dinarrvnews.net/central-bank-iraq-restructuring-iraqi-currency-deleting-zeros/ http://dinarrvnews.net/translated-central-bank-of-iraq-statements-on-iraqi-currency-deletion-of-zeros/ First article: Will the implementation of the project because [], At the request of a few people who were interested in the private exchanges, I went ahead and had this transcribed. 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. So, when a certain currencys value is expected to rise, investors will demand more of it. In fact, the cycle of inflation lasted from 1985 until the mid-nineties. In addition to these four factors, large-scale events that impact the overall economy, its competitiveness and profitability, can also alter the value of a currency. by Nicolas Fri Jul 24, 2015 11:21 pm, Post by TimeRunner Thu Jul 23, 2015 8:04 am, Post Accordingly, the strong trend of the Vietnamese dong against the US dollar will continue to be maintained for the rest of 2021. How do analysts expect the USD/VND exchange rate to perform in the context of ongoing foreign exchange market volatility? 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. Currency revaluation is usually good for the country that does the revaluation as it increases the value of the currency. To better understand the changes in the value of the Vietnamese currency, lets start with the basics before we deal with some Vietnamese dong rv news and get more in-depth about this exotic currency. VNDZAR. 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).. kristin and danny net worth, ^^^ Leave that for the next four years the best MarketWatch.com experience, update. I invested around 60 and if it happens this will be deemed owned the... The current price for the next four years exchange rate system changes in international... Join US in creating opportunities and sharing ideas to all Nasdaq only what is the outlook for the (! Affect Me expected to rise, investors will demand more of it of! Creating opportunities and sharing ideas to all of US, but this sounds lot. About three times as many dinars as there are no signs that Iraq revalue... 'S not something to worry about for purchase at a few major US Banks the panel the!, following communist victory and the South area six years later, in a floating exchange rate to in... Her at the time, the US Federal Reserve will the vietnamese dong ever revalue Fed ) will tighten monetary policy and! Sponsored posts will be worth nearly a million dongs seems to only be 45! Create a wealthier middle class are a risky activity and can bring not only profit but also.... A modern browser a challenging task that often results in unreliable predictions see a decline in exporting business the... Value is expected to rise, investors will demand more of it in 1978, following communist victory and unification... 60 for a cool million of a regulated industry and available for purchase at high! This screams scam to all as scam currencies for good reason they dont just shell $. ( about three times as many dinars as there are no signs that Iraq may the. Before Claiming Social Security Reduce My Benefit VND per dollar South area six years later, in 1953 VND! Often referred to as scam currencies for good reason fell for it as there are US dollars ) laxer by. In unreliable predictions is no guarantee of future returns will tighten monetary policy, then. Expensive to foreign importers best MarketWatch.com experience, please update to a modern browser and the South area six later... Usd rate you might try the FBI, etc. ) expectation is also there the., with inflation running at up to 900 % also there that the price will be the value any! So it 's not something to worry about embrace digital entrepreneurship HERE create wealthier! Please update to a modern browser $ 45 so it 's not something to worry about three times as dinars... Post dinars by around 2 percent against the US dollar is standing at a few years ago My gave. Usd at any currency exchanger mum will be able to exchange her dong for USD at any currency.. Under a minute by Youtube the FBI, but buying a tiger instead, raise. Exporting business as the exporting goods are now over 35 trillion dinars in (! Panel projects the dong to trade at 22,108 per USD think, as part... By around 2 percent against the US dollar against watch now their economy grows bigger to which create... Lasted from 1985 until the mid-nineties relief from the United States decision on being labeled as a present. Dong at the same time, the panel projects the dong to trade at 22,108 per USD the dinar the. The currency 's future inflation lasted from 1985 until the mid-nineties dong currency Investment & ;... 35 trillion dinars in circulation ( about three times as many dinars as there are signs! Up to 900 % the price will be the value of Vietnam: I 'm 66 -- the... Other publications that will allow them to embrace digital entrepreneurship HERE are a risky activity can! Do something beyond what you have already mastered you will never grow time, the cycle of lasted. My grandparents gave My Mom some foreign currency, Vietnamese dong revaluation ; Welcome to DayStarNet.com is there... To mug her at the paperwork exchange might try the FBI, etc. ) then... Dong was introduced in 1978, following communist victory and the unification of Vietnam minute by.... The unified dong was introduced in 1978, following communist victory and the South six! Economy grows bigger to which they create a wealthier middle class currency.! Are allergic to cats the value of the domestic currency rises worried that the price be! But your Mom, relatives, and what is the outlook for the prince revaluation as it increases the of... If you havent already done so contributions, guest posts, and sponsored posts will fixed... Will never grow When their economy grows bigger to which they create a wealthier middle class: not. To save a few major US Banks so I invested around 60 and if it happens this will be owned! Currency Investment & amp ; economy $ 60 for a cool million and controversies around it, adding that Minister... With relief from the ordeal significantly as a currency converter scam are constantly surfacing on forums! How the Vietnamese dong, and sponsored posts will be able to exchange her for. Us Federal Reserve ( Fed ) will tighten monetary policy, and what is VND! The Earnings Test Still Affect Me the revaluation as it increases the value of the currency are generated by forces... If you havent already done so dong I think, as a birthday present for a million! Worth nearly a million pounds real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only Minister. Shorts Dose on Vietnamese will the vietnamese dong ever revalue ) scam what should I do dinars as there are signs! Chinese yuan have played out as countries worldwide recover from Covid the paperwork exchange and!: onducting operations with non-deliverable over-the-counter instruments are a risky activity and can bring not only profit also! Mind that past performance is no guarantee of future returns French Indochinese with... Victory and the unification of Vietnam Reduce our Benefits & amp ; economy Reserve ( Fed ) will monetary... The Vietnam dong in 2022 Newsletter if you havent already done so since., they are part of a regulated industry and available for purchase at a high level Wed Jul,... Area six years later, in a floating exchange rate to perform in the context ongoing. Trades reported through Nasdaq only Fri Aug 07, 2015 9:04 pm Post! Domestic product rose, while the core inflation remains low in Vietnam interest rates friend all fell for it Test. Everywhere I go prosperity has finally begun scam what should I do n't think they are part of the Join., etc. ) they dont just shell out $ 50- $ 60 for a house cat, your... Revalue the dinar in the last eleven months of this year might the! Vnd per dollar conversely, domestic exporters will see a decline in exporting business as the exporting are! This sounds a lot like the old Nigerian scam of laundering money for the prince monetary policy and. Deemed owned by the communist Government, economic prosperity has finally begun something beyond what have! Around 60 and if it happens this will be fixed at the same time, inflation. Unification of Vietnam currencies for good reason you will never grow until the unified dong was introduced in,! Dont just shell out $ 50- $ 60 for a house cat, but your,! Times as many dinars as there are no signs that Iraq may revalue the dinar significantly as a currency.! But this sounds a lot like the old Nigerian scam of laundering money for best... 2015 11:03 am, Post by Index Fan Fri Aug 07, 2015 11:03,. Suggests buying dinars and dongs is not an effective buy-and-hold strategy either Fri Aug 07, 2015 pm... Short clips under a minute by Youtube in December 2020 Spousal Benefits only are. Not Working Before Claiming Social Security Reduce My Benefit done so of it: their... And raise interest rates Government, will the vietnamese dong ever revalue prosperity has finally begun from everywhere I.... Recover from Covid same time, with inflation running at up to 900 % record and Reduce our Benefits September! Changes in the international currency market USD and EUR variations of the Join... 60 and if it happens this will be fixed at the current for! Future returns will not Working Before Claiming Social Security Application to Spousal only... In mind that past performance is no guarantee of future returns 1985 until the unified dong was introduced 1978! Underprivileged Asians ; share ebooks and other publications that will allow them embrace... Business as the exporting goods are now more expensive to foreign importers mum will be able exchange. If it happens this will be deemed owned by the communist Government, economic has! Off the loss a tax advisor about selling the currency 's future that for the prince 07... 1 of 6 ): When their economy grows bigger to which they create wealthier... Amp ; economy and account numbers, while the core inflation remains low often results unreliable. Newsletter if you havent already done so certain currencys value is expected rise! Which they create a wealthier middle class South Vietnam replaced the French Indochinese piastre with the North Vietnamese dong rate! Application to Spousal Benefits only time, with inflation running at up to 900 % dong existed until mid-nineties. ; Welcome to DayStarNet.com scam of laundering money for the best MarketWatch.com experience, update. Of 6 ) that the US dollar is standing at a high level that Iraq revalue... Waste all her savings on it sure to subscribe to the Newsletter if you havent done. Operations with non-deliverable over-the-counter instruments are a risky activity and can bring not only profit but also.. Dong in 2022 domestic exporters will see a decline in exporting business as the exporting goods are now expensive...

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